BerganKDV Wealth Management LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,000 shares of the company's stock, valued at approximately $54,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of Builders FirstSource by 1.3% in the first quarter. Principal Financial Group Inc. now owns 982,655 shares of the company's stock valued at $63,421,000 after purchasing an additional 12,393 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Builders FirstSource in the first quarter valued at approximately $332,000. AE Wealth Management LLC acquired a new position in shares of Builders FirstSource in the first quarter valued at approximately $627,000. Gibson Wealth Advisors LLC acquired a new position in shares of Builders FirstSource in the fourth quarter valued at approximately $26,000. Finally, National Bank of Canada FI grew its position in Builders FirstSource by 2,460.6% during the first quarter. National Bank of Canada FI now owns 250,320 shares of the company's stock worth $16,156,000 after buying an additional 240,544 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company's stock.
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Shares of Builders FirstSource stock opened at $56.61 on Thursday. The company has a current ratio of 2.09, a quick ratio of 1.27 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average price of $63.72 and a two-hundred day moving average price of $63.59. Builders FirstSource, Inc. has a 1-year low of $48.91 and a 1-year high of $86.48. The company has a market cap of $8.84 billion, a P/E ratio of 3.88 and a beta of 2.20.
Builders FirstSource (NYSE:BLDR – Get Rating) last issued its earnings results on Monday, August 1st. The company reported $6.26 EPS for the quarter, beating the consensus estimate of $2.91 by $3.35. The company had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $5.55 billion. Builders FirstSource had a return on equity of 58.32% and a net margin of 11.79%. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the business posted $2.76 EPS. As a group, analysts anticipate that Builders FirstSource, Inc. will post 15.86 EPS for the current year.Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. BTIG Research downgraded Builders FirstSource from a "buy" rating to a "neutral" rating in a report on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Builders FirstSource in a research note on Wednesday, August 17th. They issued a "buy" rating and a $93.00 price target for the company. Barclays increased their price target on Builders FirstSource from $86.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, August 2nd. Wedbush reiterated an "outperform" rating and issued a $110.00 price target on shares of Builders FirstSource in a research note on Monday, August 1st. Finally, B. Riley increased their price target on Builders FirstSource from $71.00 to $75.00 in a research note on Tuesday, August 2nd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $91.77.
Builders FirstSource Company Profile
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Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name.
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