Builders FirstSource, Inc. $BLDR Shares Newly Purchased by Burton Enright Welch

Burton Enright Welch bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 10,283 shares of the company’s stock, valued at approximately $586,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BLDR. Harbor Island Capital LLC acquired a new position in shares of Builders FirstSource during the third quarter worth approximately $12,524,000. Nisa Investment Advisors LLC lifted its holdings in shares of Builders FirstSource by 40,460.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company’s stock worth $41,761,000 after purchasing an additional 730,723 shares in the last quarter. BlackRock Inc. bought a new position in shares of Builders FirstSource in the 2nd quarter worth $700,934,000. Louisbourg Investments Inc. bought a new position in shares of Builders FirstSource in the 3rd quarter worth $1,949,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in Builders FirstSource in the 3rd quarter valued at $3,218,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $62.42 on Monday. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The business has a 50 day moving average price of $58.94 and a 200-day moving average price of $79.21. The company has a market cap of $6.72 billion, a PE ratio of 168.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.45. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. Builders FirstSource’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.88 earnings per share. Equities analysts anticipate that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLDR has been the subject of a number of recent research reports. Citigroup restated a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Citizens Jmp assumed coverage on shares of Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating on the stock. Melius Research assumed coverage on shares of Builders FirstSource in a research note on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price objective on the stock. UBS Group reduced their price objective on shares of Builders FirstSource from $88.00 to $75.00 and set a “buy” rating for the company in a report on Friday, October 30th. Finally, Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Seven investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $75.55.

Builders FirstSource Profile