27,214 Shares of Builders FirstSource, Inc. $BLDR Purchased by Krilogy Financial LLC

Key Points

• Krilogy Financial LLC acquired 27,214 shares of Builders FirstSource worth approximately $1.55 million in the third quarter. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource reported quarterly revenue of $3.86 billion and earnings of $1.17 per share, missing analyst estimates; revenue declined 8.8% year over year.
• The stock carries a consensus “Hold” rating from analysts, with a consensus price target of $84.50, while shares opened at $53.70 and remained well below their 12-month high of $131.50.

Krilogy Financial LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 27,214 shares of the company's stock, valued at approximately $1,551,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Walker Asset Management LLC bought a new stake in Builders FirstSource in the 3rd quarter worth approximately $283,000. Affinity Capital Advisors LLC purchased a new stake in Builders FirstSource in the third quarter worth approximately $216,000. Fluent Financial LLC purchased a new stake in Builders FirstSource in the third quarter worth approximately $1,315,000. Mechanics Bank Trust Department bought a new position in Builders FirstSource during the third quarter valued at approximately $402,000. Finally, Spartan Planning & Wealth Management bought a new position in Builders FirstSource during the third quarter valued at approximately $250,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Up 6.3%

BLDR opened at $53.70 on Friday. The company has a market cap of $5.78 billion, a P/E ratio of 59.01, a P/E/G ratio of 1.62 and a beta of 1.45. The business's 50-day moving average price is $62.50 and its 200-day moving average price is $72.81. The company has a current ratio of 1.79, a quick ratio of 1.09 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.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released 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). The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company's revenue was down 8.8% on a year-over-year basis. During the same period last year, the firm posted $2.38 EPS. On average, equities analysts expect that Builders FirstSource, Inc. will post 3.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Citigroup reissued a "market perform" rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Wells Fargo & Company lowered their price objective on shares of Builders FirstSource from $65.00 to $63.00 and set an "equal weight" rating for the company in a report on Friday, September 11th. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. UBS Group set a $85.00 price objective on shares of Builders FirstSource in a research note on Thursday, October 1st. Finally, Citizens Jmp began coverage on shares of Builders FirstSource in a report on Friday, August 21st. They set a "market perform" rating on the stock. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, Builders FirstSource has a consensus rating of "Hold" and a consensus target price of $84.50.

About Builders FirstSource

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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