B. Riley Wealth Advisors Inc. Has $639,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

B. Riley Wealth Advisors Inc. lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 18.1% in the 3rd quarter, Holdings Channel reports. The firm owned 3,270 shares of the company’s stock after buying an additional 500 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Builders FirstSource were worth $639,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of Builders FirstSource in the second quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in Builders FirstSource in the 3rd quarter worth approximately $28,000. Armstrong Advisory Group Inc. acquired a new stake in Builders FirstSource in the 3rd quarter worth approximately $30,000. First Horizon Advisors Inc. boosted its position in Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after purchasing an additional 75 shares during the period. Finally, New Millennium Group LLC acquired a new position in Builders FirstSource during the second quarter valued at approximately $38,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Down 5.1 %

Shares of BLDR stock opened at $152.03 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The firm has a fifty day moving average of $180.39 and a 200-day moving average of $169.13. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70. The stock has a market cap of $17.50 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 0.96 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the business earned $4.24 EPS. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Oppenheimer restated an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Bank of America lifted their price objective on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. DA Davidson increased their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Barclays lifted their price target on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.00.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the sale, the director now owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.80% of the stock is owned by insiders.

About Builders FirstSource

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, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.