28,515 Shares in Builders FirstSource, Inc. $BLDR Bought by Revisor Wealth Management LLC

Key Points

• Revisor Wealth Management purchased 28,515 Builders FirstSource shares during the third quarter, valued at approximately $1.63 million. Institutional investors and hedge funds collectively own 95.53% of the company.
• Analysts have a consensus “Hold” rating on BLDR, with a consensus price target of $82.25. Recent target changes included Truist lowering its target to $70 while maintaining a “Buy” rating.
• Builders FirstSource shares opened at $53.87, near the lower end of their 12-month range of $49.67 to $131.50. The company recently missed quarterly earnings and revenue estimates, while revenue declined 8.8% year over year.

Revisor Wealth Management LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 28,515 shares of the company's stock, valued at approximately $1,626,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Builders FirstSource in the 2nd quarter valued at $700,934,000. Dimensional Fund Advisors LP boosted its holdings in shares of Builders FirstSource by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock valued at $244,301,000 after acquiring an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource during the 2nd quarter valued at $134,908,000. Pictet Asset Management Holding SA grew its position in Builders FirstSource by 74.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company's stock worth $113,478,000 after acquiring an additional 588,987 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in Builders FirstSource during the 2nd quarter worth $83,832,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup reaffirmed a "market perform" rating on shares of Builders FirstSource in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft set a $66.00 price target on Builders FirstSource in a research note on Friday, July 31st. Robert W. Baird set a $75.00 price target on Builders FirstSource in a report on Friday, July 31st. Truist Financial reduced their price target on Builders FirstSource from $90.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday, October 8th. Finally, KeyCorp lowered their price objective on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating for the company in a research note on Monday, July 13th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of "Hold" and a consensus price target of $82.25.

Builders FirstSource Stock Performance

NYSE BLDR opened at $53.87 on Wednesday. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 59.20, a PEG ratio of 1.73 and a beta of 1.45. 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 twelve month low of $49.67 and a twelve month high of $131.50. The stock has a fifty day simple moving average of $61.29 and a 200 day simple moving average of $72.24.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The company 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 quarterly revenue was down 8.8% compared to the same quarter last year. Sell-side analysts expect that Builders FirstSource, Inc. will post 3.13 EPS for the current year.

Builders FirstSource Company Profile

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.

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