23,582 Shares in Builders FirstSource, Inc. $BLDR Bought by Howard Capital Management LLC

Key Points

• Howard Capital Management acquired 23,582 Builders FirstSource shares worth approximately $1.34 million during the third quarter. Institutional investors and hedge funds collectively own 95.53% of the company.
• Builders FirstSource reported quarterly EPS of $1.17, below the $1.25 consensus estimate, while revenue of $3.86 billion declined 8.8% year over year. Analysts expect full-year EPS of approximately $3.13.
• Analysts have recently lowered their price targets, contributing to a consensus rating of “Hold” and an average target of $83.54; the stock recently traded at $54.74, well below its 12-month high of $131.50.

Howard Capital Management LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 23,582 shares of the company's stock, valued at approximately $1,344,000.

A number of other hedge funds have also modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Builders FirstSource in the second quarter valued at approximately $700,934,000. The Manufacturers Life Insurance Company bought a new stake in Builders FirstSource during the 2nd quarter worth approximately $7,317,000. Lodge Hill Capital LLC grew its position in Builders FirstSource by 9.9% during the 1st quarter. Lodge Hill Capital LLC now owns 333,000 shares of the company's stock worth $27,416,000 after acquiring an additional 30,000 shares during the last quarter. JB Capital Partners LP bought a new stake in Builders FirstSource during the 2nd quarter worth approximately $26,151,872. Finally, GoodHaven Capital Management LLC increased its holdings in Builders FirstSource by 23.4% during the 2nd quarter. GoodHaven Capital Management LLC now owns 228,760 shares of the company's stock valued at $20,469,000 after purchasing an additional 43,330 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $54.74 on Friday. The business's 50-day simple moving average is $62.10 and its 200 day simple moving average is $72.68. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 60.15, a P/E/G ratio of 1.79 and a beta of 1.45. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. Builders FirstSource's revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.38 earnings per share. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on BLDR. Wells Fargo & Company cut their price objective on Builders FirstSource from $63.00 to $55.00 and set an "equal weight" rating for the company in a research report on Friday. Citizens Jmp assumed coverage on Builders FirstSource in a research note on Friday, August 21st. They issued a "market perform" rating on the stock. Truist Financial decreased their target price on Builders FirstSource from $90.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday, October 8th. Oppenheimer lowered their target price on Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating for the company in a research note on Friday. Finally, KeyCorp lowered their target price on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating for the company in a research note on Monday, July 13th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $83.54.

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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