11,311 Shares in Builders FirstSource, Inc. $BLDR Acquired by Royal Fund Management LLC

Royal Fund Management LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,311 shares of the company’s stock, valued at approximately $645,000.

A number of other institutional investors and hedge funds have also modified their holdings of BLDR. Sepio Capital LP acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $467,000. WP Advisors LLC bought a new position in shares of Builders FirstSource during the 3rd quarter worth about $671,000. Strategic Planning Group LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $233,000. Brookstone Capital Management acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $10,559,000. Finally, Five Oceans Advisors acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $184,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

Builders FirstSource stock traded down $0.66 during trading hours on Friday, hitting $56.88. 2,122,536 shares of the stock were exchanged, compared to its average volume of 2,361,329. 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 stock has a market capitalization of $6.12 billion, a P/E ratio of 62.51, a P/E/G ratio of 1.91 and a beta of 1.45. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50. The business’s 50-day moving average is $60.29 and its two-hundred day moving average is $71.80.

Builders FirstSource (NYSE:BLDR) last posted 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). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm posted $2.38 EPS. The business’s revenue was down 8.8% on a year-over-year basis. Equities research analysts expect that Builders FirstSource, Inc. will post 3.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on BLDR. Royal Bank Of Canada lowered their target price on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Truist Financial cut their price target on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Wells Fargo & Company lowered their price objective on Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Finally, KeyCorp dropped their target price on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Eight equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and a consensus price target of $82.25.

About Builders FirstSource

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.