18,988 Shares of Builders FirstSource, Inc. $BLDR Bought by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners LLC purchased 18,988 shares of Builders FirstSource, valued at approximately $1.08 million, during the third quarter. Institutional investors and hedge funds collectively own 95.53% of the company.
• Builders FirstSource shares traded at $53.08, near the bottom of their 52-week range of $49.67 to $131.50. The company recently reported quarterly EPS of $1.17 and revenue of $3.86 billion, both below analyst expectations, while revenue declined 8.8% year over year.
• Analyst sentiment is mixed, with nine Buy, thirteen Hold, and three Sell ratings; the stock has an overall Hold consensus and an average price target of $84.50.

Curated Wealth Partners LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,988 shares of the company's stock, valued at approximately $1,083,000.

A number of other large investors have also added to or reduced their stakes in BLDR. Sunbelt Securities Inc. grew its holdings in shares of Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Root Financial Partners LLC raised its stake in Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company's stock valued at $31,000 after purchasing an additional 113 shares in the last quarter. Virginia Estate & Retirement Planning Advisors Inc. acquired a new position in Builders FirstSource in the third quarter valued at about $34,000. Versant Capital Management Inc raised its stake in Builders FirstSource by 67.5% in the third quarter. Versant Capital Management Inc now owns 670 shares of the company's stock valued at $38,000 after purchasing an additional 270 shares in the last quarter. Finally, Allworth Financial LP bought a new stake in Builders FirstSource during the second quarter worth about $42,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Price Performance

BLDR traded up $2.56 on Thursday, reaching $53.08. The stock had a trading volume of 2,515,326 shares, compared to its average volume of 2,527,996. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The firm has a 50-day moving average of $62.87 and a 200-day moving average of $73.00. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 58.37, a price-to-earnings-growth ratio of 1.66 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its 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). The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. Builders FirstSource's revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.38 earnings per share. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 3.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BLDR shares. UBS Group set a $85.00 price objective on shares of Builders FirstSource in a research note on Thursday, October 1st. DA Davidson set a $68.00 target price on Builders FirstSource in a research note on Friday, July 31st. BMO Capital Markets reaffirmed a "market perform" rating and issued a $80.00 target price on shares of Builders FirstSource in a report on Thursday, August 6th. Wells Fargo & Company decreased their price target on Builders FirstSource from $65.00 to $63.00 and set an "equal weight" rating on the stock in a research note on Friday, September 11th. Finally, Stifel Nicolaus set a $65.00 price target on Builders FirstSource in a report on Friday, September 18th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $84.50.

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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