19,450 Shares in Builders FirstSource, Inc. $BLDR Acquired by Rayburn West Financial Services LLC

Key Points

• Rayburn West Financial Services acquired 19,450 Builders FirstSource shares in the third quarter, valued at approximately $1.11 million. Institutional investors collectively own 95.53% of the company.
• Analysts have a consensus Hold rating and an average price target of $75.55; seven rate the stock Buy, 16 Hold, and two Sell.
• Builders FirstSource beat quarterly earnings and revenue estimates, reporting EPS of $1.51 and revenue of $3.85 billion, though revenue fell 2.2% year over year.

Rayburn West Financial Services LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,450 shares of the company's stock, valued at approximately $1,109,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BLDR. Sunbelt Securities Inc. grew its position in Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock worth $30,000 after purchasing an additional 300 shares during the period. Allworth Financial LP bought a new position in shares of Builders FirstSource during the 2nd quarter valued at $42,000. Clark Wealth Partners bought a new position in shares of Builders FirstSource during the 3rd quarter valued at $27,000. PFS Partners LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter worth $28,000. Finally, Continuum Advisory LLC purchased a new position in shares of Builders FirstSource in the 2nd quarter worth $48,000. Institutional investors own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BLDR. KeyCorp reduced their price objective on Builders FirstSource from $91.00 to $80.00 and set an "overweight" rating for the company in a research report on Friday, October 30th. UBS Group dropped their target price on Builders FirstSource from $88.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, October 30th. Melius Research started coverage on Builders FirstSource in a research report on Tuesday, October 6th. They issued a "sell" rating and a $52.00 target price on the stock. Oppenheimer cut their price target on Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating for the company in a research note on Friday, October 16th. Finally, Wells Fargo & Company upped their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the company an "equal weight" rating in a research report on Friday, October 30th. Seven investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Builders FirstSource has a consensus rating of "Hold" and a consensus target price of $75.55.

Builders FirstSource Trading Down 4.7%

Shares of Builders FirstSource stock opened at $62.42 on Friday. The company's fifty day simple moving average is $58.94 and its 200-day simple moving average is $79.21. The stock has a market capitalization of $6.72 billion, a PE ratio of 168.72, a P/E/G ratio of 1.74 and a beta of 1.41. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the firm posted $1.88 EPS. The company's revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 3.68 earnings per share for the current year.

Builders FirstSource 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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