McGlone Suttner Wealth Management Inc. Acquires 15,144 Shares of Builders FirstSource, Inc. $BLDR

McGlone Suttner Wealth Management Inc. bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,144 shares of the company’s stock, valued at approximately $863,000.

Other hedge funds have also recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its position in shares of Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Root Financial Partners LLC increased its holdings in Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares during the last quarter. Versant Capital Management Inc raised its stake in Builders FirstSource by 67.5% in the 3rd quarter. Versant Capital Management Inc now owns 670 shares of the company’s stock valued at $38,000 after acquiring an additional 270 shares during the period. Allworth Financial LP bought a new stake in Builders FirstSource in the 2nd quarter valued at about $42,000. Finally, Continuum Advisory LLC bought a new stake in Builders FirstSource in the 2nd quarter valued at about $48,000. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BLDR shares. Stifel Nicolaus set a $65.00 price objective on shares of Builders FirstSource in a report on Friday, September 18th. UBS Group set a $85.00 price target on Builders FirstSource in a report on Thursday, October 1st. Citigroup reiterated a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Oppenheimer decreased their price objective on Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Finally, DA Davidson set a $68.00 price objective on Builders FirstSource in a report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource currently has an average rating of “Hold” and a consensus target price of $84.50.

Builders FirstSource Price Performance

NYSE:BLDR traded down $0.69 during mid-day trading on Tuesday, reaching $51.45. The stock had a trading volume of 772,620 shares, compared to its average volume of 2,518,680. The stock has a market capitalization of $5.54 billion, a P/E ratio of 56.63, a P/E/G ratio of 1.70 and a beta of 1.45. The firm has a 50 day moving average price of $63.86 and a two-hundred day moving average price of $73.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. Builders FirstSource, Inc. has a one year low of $51.24 and a one year high of $131.50.

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 business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm’s revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.38 earnings per share. As a group, analysts expect that Builders FirstSource, Inc. will post 3.19 earnings per share for the current year.

Builders FirstSource Profile

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.