23,455 Shares in Builders FirstSource, Inc. $BLDR Bought by Heritage Family Offices LLP

Key Points

• Heritage Family Offices opened a new position in Builders FirstSource, purchasing 23,455 shares worth about $1.34 million in the third quarter. Institutional investors and hedge funds collectively own 95.53% of the company.
• Analysts have a consensus “Hold” rating and an average price target of $75.55; recent rating changes included cuts to price targets and one downgrade from “outperform” to “market perform.”
• Builders FirstSource reported quarterly EPS of $1.51, beating the $1.06 consensus, and revenue of $3.85 billion, above estimates. Revenue was down 2.2% year over year, and the stock traded at $62.42 after falling 4.7% on Friday.

Heritage Family Offices LLP acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 23,455 shares of the company's stock, valued at approximately $1,337,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Builders FirstSource in the second quarter valued at approximately $700,934,000. Dimensional Fund Advisors LP grew its holdings in shares of Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock valued at $244,301,000 after buying an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at $134,908,000. Bank of America Corp DE acquired a new stake in Builders FirstSource during the 2nd quarter worth $83,832,000. Finally, Daily Journal Corp acquired a new stake in Builders FirstSource during the 3rd quarter worth $80,555,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on BLDR shares. Oppenheimer reduced their target price on Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating on the stock in a report on Friday, October 16th. Barclays dropped their price target on Builders FirstSource from $81.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, October 30th. William Blair cut Builders FirstSource from an "outperform" rating to a "market perform" rating in a report on Thursday, October 22nd. The Goldman Sachs Group reiterated a "buy" rating and issued a $78.00 price objective on shares of Builders FirstSource in a research report on Friday, October 30th. Finally, Melius Research began coverage on Builders FirstSource in a research note on Tuesday, October 6th. They set a "sell" rating and a $52.00 target price for the company. Seven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $75.55.

Builders FirstSource Stock Down 4.7%

BLDR traded down $3.08 during trading on Friday, hitting $62.42. The company had a trading volume of 2,438,293 shares, compared to its average volume of 2,799,644. The company has a market capitalization of $6.72 billion, a PE ratio of 168.72, a PEG ratio of 2.11 and a beta of 1.41. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The firm's 50-day moving average price is $58.94 and its 200 day moving average price is $79.21.

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

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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