28,232 Shares of Builders FirstSource, Inc. $BLDR Bought by ZWJ Investment Counsel Inc.

Key Points

• ZWJ Investment Counsel bought 28,232 Builders FirstSource shares during the third quarter, valued at approximately $1.61 million. Institutional investors collectively own 95.53% of the company.
• Analyst sentiment is mixed, with nine Buy, thirteen Hold, and three Sell ratings; the overall consensus is Hold with an $84.50 price target.
• Builders FirstSource reported quarterly EPS of $1.17, below the $1.25 estimate, while revenue fell 8.8% year over year to $3.86 billion. The stock opened at $50.46, near its 52-week low of $49.67.

ZWJ Investment Counsel Inc. bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 28,232 shares of the company's stock, valued at approximately $1,610,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BLDR. Triangle Securities Wealth Management purchased a new position in shares of Builders FirstSource in the third quarter valued at approximately $1,646,000. Hudock Inc. acquired a new position in shares of Builders FirstSource in the third quarter valued at approximately $495,000. First Pacific Financial purchased a new stake in Builders FirstSource during the 3rd quarter worth approximately $368,000. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in Builders FirstSource during the 3rd quarter worth approximately $771,000. Finally, Fortitude Family Office LLC boosted its position in Builders FirstSource by 17,745.5% in the 3rd quarter. Fortitude Family Office LLC now owns 3,926 shares of the company's stock valued at $224,000 after buying an additional 3,904 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a research note on Friday, July 31st. Barclays reduced their price objective on Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. UBS Group set a $85.00 price objective on Builders FirstSource in a research note on Thursday, October 1st. Wells Fargo & Company decreased their target price on Builders FirstSource from $65.00 to $63.00 and set an "equal weight" rating for the company in a report on Friday, September 11th. Finally, Citizens Jmp assumed coverage on Builders FirstSource in a research note on Friday, August 21st. They set a "market perform" rating for the company. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource has a consensus rating of "Hold" and a consensus price target of $84.50.

Builders FirstSource Stock Down 2.4%

BLDR stock opened at $50.46 on Thursday. The company's 50 day moving average price is $62.87 and its 200 day moving average price is $73.00. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 55.45, a PEG ratio of 1.66 and a beta of 1.45. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) 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 firm had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the prior year, the firm earned $2.38 EPS. The firm's revenue was down 8.8% compared to the same quarter last year. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

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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