27,184 Shares in Builders FirstSource, Inc. $BLDR Bought by McKinley Carter Wealth Services Inc.

Key Points

• McKinley Carter Wealth Services acquired 27,184 shares of Builders FirstSource, valued at approximately $1.55 million. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource shares recently traded at $54.74, near their 12-month low of $49.67 and well below the 12-month high of $131.50. The stock is down amid declining results, with quarterly revenue falling 8.8% year over year and EPS missing estimates.
• Analyst sentiment is mixed, with the stock carrying an overall “Hold” rating and an average price target of $83.54; ratings range from “Sell” to “Buy.”

McKinley Carter Wealth Services Inc. purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 27,184 shares of the company's stock, valued at approximately $1,550,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC grew its position in shares of Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after buying an additional 113 shares during the period. Wedbush Securities Inc. lifted its position in shares of Builders FirstSource by 5.3% during the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company's stock valued at $262,000 after acquiring an additional 147 shares during the period. Private Advisor Group LLC boosted its stake in Builders FirstSource by 5.9% during the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company's stock worth $238,000 after acquiring an additional 162 shares in the last quarter. Altshuler Shaham Ltd boosted its stake in Builders FirstSource by 2.4% during the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company's stock worth $626,000 after acquiring an additional 180 shares in the last quarter. Finally, Mufg Securities Americas Inc. grew its holdings in Builders FirstSource by 5.9% in the second quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company's stock worth $290,000 after purchasing an additional 180 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Up 2.0%

Shares of BLDR traded up $1.06 during trading hours on Friday, reaching $54.74. The stock had a trading volume of 2,602,922 shares, compared to its average volume of 3,699,288. The firm has a 50-day simple moving average of $62.10 and a 200 day simple moving average of $72.68. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 60.15, a P/E/G ratio of 1.75 and a beta of 1.45.

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

Wall Street Analysts Forecast Growth

BLDR has been the subject of several research analyst reports. Melius Research started coverage on shares of Builders FirstSource in a research note on Tuesday, October 6th. They issued a "sell" rating and a $52.00 price target for the company. Royal Bank Of Canada cut their price objective on shares of Builders FirstSource from $107.00 to $88.00 and set an "outperform" rating on the stock in a research report on Friday, July 31st. Weiss Ratings downgraded Builders FirstSource from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, July 21st. BMO Capital Markets restated a "market perform" rating and issued a $80.00 target price on shares of Builders FirstSource in a research note on Thursday, August 6th. Finally, Benchmark decreased their target price 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 investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $83.54.

Builders FirstSource Company 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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