18,484 Shares in Builders FirstSource, Inc. $BLDR Acquired by Lazari Capital Management Inc.

Key Points

• Lazari Capital Management acquired 18,484 shares of Builders FirstSource in the third quarter, worth approximately $1.05 million. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource reported quarterly revenue of $3.86 billion and earnings of $1.17 per share, missing analyst estimates; revenue declined 8.8% year over year.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $82.25, compared with the stock’s reported price of $54.11.

Lazari Capital Management Inc. acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,484 shares of the company's stock, valued at approximately $1,054,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Builders FirstSource during the second quarter worth $700,934,000. Dimensional Fund Advisors LP lifted its stake in shares of Builders FirstSource by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock worth $244,301,000 after acquiring an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $134,908,000. Pictet Asset Management Holding SA boosted its holdings in Builders FirstSource by 74.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company's stock valued at $113,478,000 after acquiring an additional 588,987 shares during the period. Finally, Bank of America Corp DE purchased a new position in Builders FirstSource during the 2nd quarter valued at $83,832,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

BLDR traded up $1.16 during midday trading on Tuesday, hitting $54.11. 841,683 shares of the company were exchanged, compared to its average volume of 2,530,957. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 59.39, 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 company's 50 day simple moving average is $61.72 and its 200 day simple moving average is $72.43. The company has a current ratio of 1.79, a quick ratio of 1.09 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). 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 during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the firm posted $2.38 earnings per share. The company's revenue was down 8.8% compared to the same quarter last year. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Melius Research began coverage on shares of Builders FirstSource in a research note on Tuesday, October 6th. They issued a "sell" rating and a $52.00 target price on the stock. Wells Fargo & Company reduced 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 report on Friday. Robert W. Baird set a $75.00 price objective on Builders FirstSource in a report on Friday, July 31st. DA Davidson set a $68.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Finally, Benchmark cut their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Builders FirstSource currently has a consensus rating of "Hold" and a consensus target price of $82.25.

About Builders FirstSource

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.

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