14,838 Shares of Builders FirstSource, Inc. $BLDR Purchased by Lipe & Dalton

Lipe & Dalton acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,838 shares of the company’s stock, valued at approximately $846,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Builders FirstSource during the second quarter valued at approximately $700,934,000. Dimensional Fund Advisors LP boosted its holdings in shares of Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after purchasing an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Builders FirstSource in the second quarter worth approximately $134,908,000. Pictet Asset Management Holding SA grew its stake in Builders FirstSource by 74.6% in the first 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 purchased a new position in Builders FirstSource during the 2nd quarter worth $83,832,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

Shares of BLDR opened at $50.46 on Thursday. 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 company has a 50 day moving average price of $62.87 and a 200-day moving average price of $73.00. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The stock has a market capitalization of $5.43 billion, a PE ratio of 55.45, a PEG ratio of 1.66 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). The business had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.38 earnings per share. Equities analysts predict that Builders FirstSource, Inc. will post 3.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BLDR shares. Weiss Ratings lowered Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. Benchmark lowered their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Stifel Nicolaus set a $65.00 price target on Builders FirstSource in a research report on Friday, September 18th. UBS Group set a $85.00 price target on Builders FirstSource in a research report on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price target on Builders FirstSource in a research note on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $84.50.

Builders FirstSource Company 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.