Builders FirstSource, Inc. $BLDR Shares Newly Acquired by Sage Investment Counsel LLC

Sage Investment Counsel LLC 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 (SEC). The fund acquired 10,628 shares of the company’s stock, valued at approximately $606,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. IVC Wealth Advisors LLC bought a new position in Builders FirstSource during the 3rd quarter worth approximately $613,000. Apollon Wealth Management LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $4,918,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $196,000. Aries Wealth Management bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $154,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $76,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BLDR shares. Robert W. Baird set a $75.00 price target on Builders FirstSource in a research report on Friday, July 31st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $80.00 price objective on shares of Builders FirstSource in a report on Thursday, August 6th. William Blair downgraded shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a report on Thursday. UBS Group set a $85.00 target price on shares of Builders FirstSource in a research note on Thursday, October 1st. Finally, Citizens Jmp started coverage on shares of Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $79.35.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $56.14 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The business has a 50 day moving average of $60.09 and a two-hundred day moving average of $81.84. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. The company has a market cap of $6.04 billion, a P/E ratio of 61.69, a PEG ratio of 1.89 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). The company 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 for the quarter was down 8.8% compared to the same quarter last year. During the same period last year, the company posted $2.38 earnings per share. As a group, analysts anticipate that Builders FirstSource, Inc. will post 3.07 EPS for the current year.

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.