30,106 Shares in Builders FirstSource, Inc. $BLDR Bought by Smith Shellnut Wilson LLC ADV

Key Points

• Smith Shellnut Wilson LLC ADV acquired 30,106 Builders FirstSource shares during the third quarter, valued at approximately $1.72 million. Institutional investors collectively own 95.53% of the company.
• Analyst sentiment is mixed, with nine Buy, thirteen Hold, and two Sell ratings; the stock has a consensus rating of Hold and an average price target of $82.25.
• BLDR shares opened at $53.51, near their one-year low of $49.67, while the company’s latest quarterly results missed estimates: EPS was $1.17 versus $1.25 expected, and revenue fell 8.8% year over year to $3.86 billion.

Smith Shellnut Wilson LLC ADV acquired 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 institutional investor acquired 30,106 shares of the company's stock, valued at approximately $1,716,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Builders FirstSource in the second quarter valued at $700,934,000. Dimensional Fund Advisors LP boosted its position 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 worth $244,301,000 after purchasing an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth $134,908,000. Pictet Asset Management Holding SA boosted its position in shares of 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 purchasing an additional 588,987 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of Builders FirstSource during the 2nd quarter worth $83,832,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BLDR. Oppenheimer cut their price target on shares of Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating for the company in a report on Friday, October 16th. Citigroup reiterated a "market perform" rating on shares of Builders FirstSource in a research note on Thursday, October 8th. BMO Capital Markets reissued a "market perform" rating and set a $80.00 price objective on shares of Builders FirstSource in a report on Thursday, August 6th. Weiss Ratings restated a "sell (d)" rating on shares of Builders FirstSource in a research report on Monday. Finally, Royal Bank Of Canada lowered their target price 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. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $82.25.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $53.51 on Thursday. The stock has a fifty day moving average price of $60.92 and a 200 day moving average price of $72.06. The stock has a market cap of $5.76 billion, a PE ratio of 58.80, a P/E/G ratio of 1.76 and a beta of 1.45. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year 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 posted its 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). The firm had revenue of $3.86 billion for the quarter, compared to analysts' expectations of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm's revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.38 earnings per share. Sell-side analysts forecast that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

About Builders FirstSource

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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