32,348 Shares of Builders FirstSource, Inc. $BLDR Acquired by Louisbourg Investments Inc.

Key Points

• Louisbourg Investments acquired 32,348 shares of Builders FirstSource valued at approximately $1.95 million during the third quarter. Institutional investors and hedge funds own 95.53% of the company.
• Analysts remain mixed on BLDR, with a consensus “Hold” rating and an average price target of $82.25; ratings include nine Buys, thirteen Holds, and two Sells.
• Builders FirstSource reported quarterly EPS of $1.17, below the $1.25 consensus estimate, while revenue fell 8.8% year over year to $3.86 billion. Shares opened at $53.87, near the lower end of their 52-week range.

Louisbourg Investments Inc. purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 32,348 shares of the company's stock, valued at approximately $1,949,000.

A number of other large investors also recently bought and sold shares of the stock. Sunbelt Securities Inc. boosted its position in Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Root Financial Partners LLC grew its stake 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 purchasing an additional 113 shares during the period. Allworth Financial LP acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $42,000. Clark Wealth Partners acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $27,000. Finally, Continuum Advisory LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $48,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BLDR shares. UBS Group set a $85.00 price target on shares of Builders FirstSource in a report on Thursday, October 1st. Citigroup reaffirmed a "market perform" rating on shares of Builders FirstSource in a report on Thursday, October 8th. KeyCorp decreased their price objective on shares of Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating for the company in a research report on Monday, July 13th. Benchmark lowered their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price target on Builders FirstSource in a research note on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $82.25.

Builders FirstSource Trading Up 1.7%

Shares of NYSE:BLDR opened at $53.87 on Wednesday. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 59.20, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The business's 50 day moving average price is $61.29 and its 200-day moving average price is $72.24.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly 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). The company had revenue of $3.86 billion during 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%. Builders FirstSource's revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.38 EPS. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

Builders FirstSource 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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