30,106 Shares of Builders FirstSource, Inc. $BLDR Bought by Smith Shellnut Wilson LLC ADV

Smith Shellnut Wilson LLC ADV bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel reports. The firm bought 30,106 shares of the company’s stock, valued at approximately $1,716,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Builders FirstSource in the second quarter valued at about $700,934,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $134,908,000. Bank of America Corp DE purchased a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $83,832,000. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $48,738,000. Finally, Jupiter Topco LLC acquired a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $73,935,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. UBS Group set a $85.00 target price on Builders FirstSource in a research note on Thursday, October 1st. Citigroup reiterated a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. BMO Capital Markets reissued a “market perform” rating and set a $80.00 price target on shares of Builders FirstSource in a research report on Thursday, August 6th. KeyCorp decreased their price objective on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Finally, Oppenheimer dropped their price objective on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $82.25.

Builders FirstSource Stock Performance

Shares of BLDR opened at $53.51 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 58.80, a PEG ratio of 1.76 and a beta of 1.45. The company’s 50 day simple moving average is $60.92 and its 200 day simple moving average is $72.06. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm’s revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.38 EPS. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 3.13 EPS for the current year.

Builders FirstSource Profile

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.