Massachusetts Wealth Management Makes New Investment in Builders FirstSource, Inc. $BLDR

Massachusetts Wealth Management bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,487 shares of the company’s stock, valued at approximately $1,852,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Builders FirstSource in the second quarter valued at about $700,934,000. Dimensional Fund Advisors LP increased its position in Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after acquiring an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Builders FirstSource during the second quarter worth about $134,908,000. Pictet Asset Management Holding SA raised its stake in Builders FirstSource by 74.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after purchasing an additional 588,987 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in Builders FirstSource in the 2nd quarter worth about $83,832,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

BLDR opened at $53.51 on Thursday. The firm has a market cap of $5.76 billion, a P/E ratio of 58.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. 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 business’s fifty day moving average is $60.92 and its 200-day moving average is $72.06.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.38 EPS. Sell-side analysts expect that Builders FirstSource, Inc. will post 3.13 EPS for the current fiscal year.

Analyst Ratings Changes

BLDR has been the subject of a number of recent research reports. Citizens Jmp initiated coverage on shares of Builders FirstSource in a report on Friday, August 21st. They issued a “market perform” rating for the company. DA Davidson set a $68.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. Stifel Nicolaus set a $65.00 target price on shares of Builders FirstSource in a report on Friday, September 18th. Citigroup reiterated a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Finally, Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $82.25.

Builders FirstSource Company 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.