Builders FirstSource, Inc. $BLDR Shares Newly Acquired by Vontobel Holding Ltd.

by · The Markets Daily

Vontobel Holding Ltd. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 100,708 shares of the company’s stock, valued at approximately $5,741,000. Vontobel Holding Ltd. owned 0.09% of Builders FirstSource as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Selby Wealth Management LLC purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $394,000. Prairiewood Capital LLC bought a new position in Builders FirstSource in the third quarter worth approximately $268,000. TD Waterhouse Canada Inc. bought a new position in Builders FirstSource in the third quarter worth approximately $11,843,000. Peddock Capital Advisors LLC bought a new position in Builders FirstSource in the third quarter worth approximately $217,000. Finally, KFG Wealth Management LLC purchased a new position in Builders FirstSource during the 3rd quarter worth $248,000. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

BLDR has been the subject of a number of research analyst reports. Melius Research assumed coverage on Builders FirstSource in a research report on Tuesday, October 6th. They set a “sell” rating and a $52.00 target price for the company. Royal Bank Of Canada dropped their price target on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Oppenheimer cut their price target on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Truist Financial cut their price target on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $83.54.

View Our Latest Stock Analysis on BLDR

Builders FirstSource Trading Up 2.0%

Shares of NYSE BLDR opened at $54.74 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The stock has a market capitalization of $5.89 billion, a P/E ratio of 60.15, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The business has a fifty day moving average price of $62.10 and a 200 day moving average price of $72.68.

Builders FirstSource (NYSE:BLDR – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the business earned $2.38 EPS. Builders FirstSource’s revenue for the quarter was down 8.8% compared to the same quarter last year. Equities research analysts expect that Builders FirstSource, Inc. will post 3.13 EPS for the current fiscal year.

Builders FirstSource Profile

(Free Report)

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.

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