185,217 Shares of Builders FirstSource, Inc. $BLDR Purchased by Brookstone Capital Management

Key Points

• Brookstone Capital Management acquired 185,217 shares of Builders FirstSource worth approximately $10.6 million, representing about 0.17% of the company. Institutional investors collectively own 95.53% of BLDR.
• Builders FirstSource shares opened at $56.88, down 1.1%, and remain well below their 12-month high of $131.50. The company recently reported weaker results, with quarterly EPS of $1.17 and revenue of $3.86 billion, both below analyst expectations.
• Analyst sentiment is mixed, with eight Buy, 14 Hold and two Sell ratings; the stock carries an overall Hold rating and an average price target of $82.25, despite several analysts recently reducing their targets.

Brookstone Capital Management purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 185,217 shares of the company's stock, valued at approximately $10,559,000. Brookstone Capital Management owned approximately 0.17% of Builders FirstSource as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BLDR. Five Oceans Advisors purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $184,000. SeaCrest Wealth Management LLC purchased a new position in Builders FirstSource during the third quarter worth approximately $531,000. Culbertson A N & Co. Inc. purchased a new stake in Builders FirstSource in the 3rd quarter valued at about $4,841,000. NBT Bank N.A. acquired a new stake in shares of Builders FirstSource during the third quarter worth about $1,760,000. Finally, Root Financial Partners LLC purchased a new position in Builders FirstSource in the third quarter worth approximately $622,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Down 1.1%

NYSE BLDR opened at $56.88 on Friday. The firm's 50 day moving average price is $60.29 and its two-hundred day moving average price is $71.80. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 62.51, a PEG ratio of 1.91 and a beta of 1.45. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $3.91 billion. During the same quarter in the prior year, the firm earned $2.38 earnings per share. The company's revenue was down 8.8% on a year-over-year basis. Equities analysts anticipate that Builders FirstSource, Inc. will post 3.07 EPS for the current year.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several research reports. Oppenheimer reduced their target price on Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating for the company in a report on Friday, October 16th. KeyCorp dropped their price target on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating for the company in a research report on Monday, July 13th. BMO Capital Markets reissued a "market perform" rating and set a $80.00 price target on shares of Builders FirstSource in a research note on Thursday, August 6th. DA Davidson set a $68.00 target price on Builders FirstSource in a research report on Friday, July 31st. Finally, Truist Financial cut their price objective 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. Eight investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $82.25.

Builders FirstSource Company Profile

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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