88,503 Shares of Builders FirstSource, Inc. $BLDR Bought by Monte Financial Group LLC

Monte Financial Group LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 88,503 shares of the company’s stock, valued at approximately $5,046,000. Builders FirstSource accounts for 1.7% of Monte Financial Group LLC’s investment portfolio, making the stock its 28th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its position in shares of Builders FirstSource by 13,597.6% in the third quarter. Kestra Advisory Services LLC now owns 579,133 shares of the company’s stock valued at $33,016,000 after acquiring an additional 574,905 shares during the period. Claro Advisors Inc. bought a new position in Builders FirstSource during the third quarter worth $687,000. REAP Financial Group LLC bought a new position in Builders FirstSource during the third quarter worth $124,000. Telos Capital Management Inc. bought a new position in Builders FirstSource during the third quarter worth $797,000. Finally, Genesis Private Wealth LLC acquired a new position in Builders FirstSource during the 3rd quarter valued at $289,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE BLDR opened at $65.41 on Friday. The stock has a market cap of $7.04 billion, a P/E ratio of 176.79, a PEG ratio of 1.93 and a beta of 1.41. The company’s 50-day simple moving average is $59.03 and its 200 day simple moving average is $79.51. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.45. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.88 earnings per share. As a group, research analysts forecast that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BLDR. The Goldman Sachs Group reissued a “buy” rating and issued a $78.00 price target on shares of Builders FirstSource in a report on Friday, October 30th. Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Benchmark cut their price objective on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $66.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Finally, Citizens Jmp assumed coverage on Builders FirstSource in a research report on Friday, August 21st. They set a “market perform” rating on the stock. Seven research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $75.55.

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.