MFA Wealth Services Acquires 15,756 Shares of Builders FirstSource, Inc. $BLDR

MFA Wealth Services acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 15,756 shares of the company’s stock, valued at approximately $898,000.

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

Wall Street Analyst Weigh In

BLDR has been the topic of a number of recent analyst reports. Weiss Ratings downgraded Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 21st. Truist Financial decreased their target price on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Citizens Jmp assumed coverage on Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating on the stock. Melius Research began coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price target on the stock. Finally, Benchmark dropped their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. 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’s stock. According to data from MarketBeat.com, Builders FirstSource has an average rating of “Hold” and a consensus price target of $84.50.

Builders FirstSource Trading Down 0.8%

Builders FirstSource stock opened at $51.71 on Wednesday. Builders FirstSource, Inc. has a 52 week low of $51.24 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 firm has a market capitalization of $5.56 billion, a PE ratio of 56.83, a PEG ratio of 1.67 and a beta of 1.45. The business’s 50-day simple moving average is $63.38 and its 200-day simple moving average is $73.22.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the company earned $2.38 EPS. Builders FirstSource’s revenue for the quarter was down 8.8% compared to the same quarter last year. Equities research analysts forecast 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.