23,882 Shares in Builders FirstSource, Inc. $BLDR Purchased by Phoenix Wealth Advisors

Key Points

• Phoenix Wealth Advisors opened a position in Builders FirstSource, buying 23,882 shares valued at approximately $1.36 million in the third quarter. Institutional investors collectively own 95.53% of the company’s stock.
• Builders FirstSource reported quarterly EPS of $1.51, beating the $1.06 consensus, and revenue of $3.85 billion, above estimates. Revenue nevertheless fell 2.2% year over year.
• Analyst sentiment is mixed but averages to a “Hold” rating, with a consensus price target of $75.55; shares were trading at $62.42 in Friday’s session.

Phoenix Wealth Advisors bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 23,882 shares of the company's stock, valued at approximately $1,362,000.

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

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock traded down $3.08 during trading on Friday, hitting $62.42. 2,438,293 shares of the stock were exchanged, compared to its average volume of 2,799,644. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 168.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. The company has a fifty day moving average price of $58.94 and a 200-day moving average price of $79.21. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. DA Davidson set a $68.00 price objective on Builders FirstSource in a research report on Friday, July 31st. KeyCorp dropped their target price on Builders FirstSource from $91.00 to $80.00 and set an "overweight" rating on the stock in a research report on Friday, October 30th. The Goldman Sachs Group restated a "buy" rating and issued a $78.00 target price on shares of Builders FirstSource in a research note on Friday, October 30th. Loop Capital downgraded Builders FirstSource from a "buy" rating to a "hold" rating and set a $62.00 price target for the company. in a research report on Monday, October 26th. Finally, Benchmark lowered their price target on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Seven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $75.55.

About Builders FirstSource

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.