Bernicke Wealth Management Ltd. Makes New $981,000 Investment in Builders FirstSource, Inc. $BLDR

Bernicke Wealth Management Ltd. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,208 shares of the company’s stock, valued at approximately $981,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Builders FirstSource in the second quarter worth approximately $700,934,000. Pictet Asset Management Holding SA lifted its holdings in shares of Builders FirstSource by 16.1% in the third quarter. Pictet Asset Management Holding SA now owns 4,414,163 shares of the company’s stock valued at $251,651,000 after purchasing an additional 613,087 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after buying an additional 325,935 shares during the last quarter. M&G PLC purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $226,250,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Builders FirstSource during the second quarter valued at approximately $134,908,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Up 0.7%

BLDR opened at $60.54 on Friday. 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 stock has a market cap of $6.51 billion, a price-to-earnings ratio of 163.63, a PEG ratio of 1.60 and a beta of 1.41. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The company’s 50-day moving average price is $58.69 and its two-hundred day moving average price is $77.72.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the firm earned $1.88 EPS. The company’s revenue was down 2.2% compared to the same quarter last year. As a group, equities analysts expect that Builders FirstSource, Inc. will post 3.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of analyst reports. William Blair lowered Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Builders FirstSource in a report on Monday, October 19th. KeyCorp reduced their target price on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Barclays reduced their target price on shares of Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating for the company in a research note 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 research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.