Builders FirstSource, Inc. $BLDR Shares Acquired by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. boosted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 41.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,625 shares of the company’s stock after purchasing an additional 40,490 shares during the quarter. Schwartz Investment Counsel Inc. owned about 0.13% of Builders FirstSource worth $7,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of BLDR. Sunbelt Securities Inc. increased its holdings in shares of Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the period. Root Financial Partners LLC boosted its stake in Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after buying an additional 113 shares during the period. Allworth Financial LP bought a new stake in Builders FirstSource during the second quarter valued at $42,000. Clark Wealth Partners bought a new stake in Builders FirstSource during the third quarter valued at $27,000. Finally, PFS Partners LLC bought a new position in Builders FirstSource in the 3rd quarter worth about $28,000. 95.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on BLDR shares. Loop Capital cut Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price target on the stock. in a report on Monday. Royal Bank Of Canada cut their price objective on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Stifel Nicolaus decreased their price objective on shares of Builders FirstSource from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Monday. Barclays lowered their target price 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. Finally, Oppenheimer dropped their target price on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.35.

Builders FirstSource Stock Up 0.8%

Shares of BLDR stock opened at $56.65 on Wednesday. The business has a 50-day moving average price of $59.82 and a two-hundred day moving average price of $81.60. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. The company’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 EPS. On average, sell-side analysts forecast 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.