17,650 Shares in Builders FirstSource, Inc. $BLDR Purchased by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, HoldingsChannel reports. The fund acquired 17,650 shares of the company’s stock, valued at approximately $1,006,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BLDR. BlackRock Inc. acquired a new position in Builders FirstSource during the second quarter worth $700,934,000. Dimensional Fund Advisors LP lifted its stake in 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 acquiring an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Builders FirstSource in the second quarter valued at $134,908,000. Pictet Asset Management Holding SA lifted 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 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 about $83,832,000. 95.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Citizens Jmp initiated coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating for the company. Truist Financial reduced their price target on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, October 8th. BMO Capital Markets reissued a “market perform” rating and set a $80.00 price target on shares of Builders FirstSource in a research report on Thursday, August 6th. Finally, Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $83.54.

Builders FirstSource Trading Up 2.0%

Shares of Builders FirstSource stock opened at $54.74 on Friday. 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 50-day moving average of $62.10 and a 200-day moving average of $72.68. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The stock has a market cap of $5.89 billion, a PE ratio of 60.15, a PEG ratio of 1.75 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last released 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). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the business posted $2.38 earnings per share. Builders FirstSource’s revenue was down 8.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 3.13 EPS for the current year.

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.