259,999 Shares of Builders FirstSource, Inc. $BLDR Purchased by Cantor Fitzgerald Investment Advisors L.P.

Key Points

• Cantor Fitzgerald Investment Advisors acquired 259,999 Builders FirstSource shares worth approximately $14.8 million, representing 0.24% of the company. Institutional investors collectively own 95.53% of BLDR.
• Builders FirstSource reported weaker quarterly results, with earnings per share of $1.17 versus the $1.25 consensus estimate and revenue down 8.8% year over year to $3.86 billion.
• Analysts maintain a consensus “Hold” rating, with 25 analysts split among nine Buys, 13 Holds and three Sells; the average price target is $84.50 versus the stock’s reported $53.70 price.

Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 259,999 shares of the company's stock, valued at approximately $14,823,000. Cantor Fitzgerald Investment Advisors L.P. owned 0.24% of Builders FirstSource at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Granite Islands Private Wealth LLC bought a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $249,000. Riverbend Wealth Management LLC bought a new stake in shares of Builders FirstSource in the third quarter worth $465,000. Goldstein Advisors LLC acquired a new position in Builders FirstSource during the third quarter worth $203,000. Neumann Capital Management LLC bought a new position in Builders FirstSource in the third quarter valued at $777,000. Finally, Iams Wealth Management LLC bought a new position in Builders FirstSource in the third quarter valued at $1,733,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

BLDR opened at $53.70 on Friday. 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, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The business has a 50 day moving average of $62.50 and a 200-day moving average of $72.81. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 59.01, a PEG ratio of 1.62 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 earnings per share for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the firm posted $2.38 earnings per share. The firm's revenue was down 8.8% compared to the same quarter last year. On average, equities research analysts expect that Builders FirstSource, Inc. will post 3.19 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on BLDR. Oppenheimer cut their price target on shares of Builders FirstSource from $110.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, July 31st. Stifel Nicolaus set a $65.00 target price on Builders FirstSource in a research report on Friday, September 18th. Robert W. Baird set a $75.00 target price on Builders FirstSource in a research report on Friday, July 31st. BMO Capital Markets reiterated a "market perform" rating and set a $80.00 target price on shares of Builders FirstSource in a report on Thursday, August 6th. Finally, Benchmark reduced their price target on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus 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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