149,964 Shares of Builders FirstSource, Inc. $BLDR Bought by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth LLC acquired 149,964 shares of Builders FirstSource during the third quarter, valued at approximately $8.55 million and representing about 0.14% of the company.
• Builders FirstSource’s stock opened at $54.74, well below its 52-week high of $131.50, while institutional investors and hedge funds collectively own 95.53% of the shares.
• The company missed quarterly earnings and revenue estimates, with EPS of $1.17 and revenue of $3.86 billion; analysts maintain a consensus “Hold” rating with an $83.54 average price target.

SteelPeak Wealth LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 149,964 shares of the company's stock, valued at approximately $8,549,000. SteelPeak Wealth LLC owned approximately 0.14% of Builders FirstSource at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BLDR. Elevated Financial Group LLC purchased a new stake in shares of Builders FirstSource during the third quarter worth approximately $183,000. Founders Grove Wealth Partners LLC acquired a new stake in Builders FirstSource in the third quarter valued at approximately $205,000. CRA Financial Services LLC purchased a new position in Builders FirstSource in the third quarter worth approximately $143,000. Robertson Stephens Wealth Management LLC purchased a new position in Builders FirstSource in the third quarter worth approximately $2,273,000. Finally, Frank Rimerman Advisors LLC purchased a new position in Builders FirstSource in the third quarter worth approximately $1,794,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Price Performance

BLDR stock opened at $54.74 on Friday. The business has a 50 day moving average price of $62.10 and a 200 day moving average price of $72.68. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 60.15, a PEG ratio of 1.79 and a beta of 1.45. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on BLDR. BMO Capital Markets reiterated a "market perform" rating and set a $80.00 price target on shares of Builders FirstSource in a report on Thursday, August 6th. DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Oppenheimer decreased their price objective on shares of Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating for the company in a research report on Friday. Melius Research began coverage on shares of Builders FirstSource in a research note on Tuesday, October 6th. They set a "sell" rating and a $52.00 target price for the company. Finally, Wells Fargo & Company lowered their target price on shares of Builders FirstSource from $63.00 to $55.00 and set an "equal weight" rating for the company in a research note on Friday. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $83.54.

Builders FirstSource Profile

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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