32,911 Shares in Builders FirstSource, Inc. $BLDR Bought by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management purchased 32,911 shares of Builders FirstSource, valued at approximately $1.88 million, during the third quarter. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource shares opened at $56.88, well below their 52-week high of $131.50. The company’s latest quarterly results missed estimates, with EPS of $1.17 versus $1.25 expected and revenue down 8.8% year over year.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $82.25; several firms recently lowered their targets despite maintaining Buy or Overweight ratings.

Axxcess Wealth Management LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 32,911 shares of the company's stock, valued at approximately $1,876,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Builders FirstSource in the second quarter valued at about $700,934,000. Dimensional Fund Advisors LP boosted its holdings in Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock valued at $244,301,000 after purchasing an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Builders FirstSource during the 2nd quarter worth approximately $134,908,000. Pictet Asset Management Holding SA increased 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 purchasing an additional 588,987 shares during the period. Finally, Bank of America Corp DE acquired a new position in Builders FirstSource during the 2nd quarter worth approximately $83,832,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Down 1.1%

Shares of NYSE:BLDR opened at $56.88 on Friday. The stock has a 50-day simple moving average of $60.29 and a 200-day simple moving average of $71.80. The stock has a market capitalization of $6.12 billion, a P/E ratio of 12.96, a PEG ratio of 1.91 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 released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (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 business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the company earned $2.38 EPS. Builders FirstSource's revenue was down 8.8% on a year-over-year basis. Equities analysts forecast that Builders FirstSource, Inc. will post 3.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BLDR shares. Truist Financial cut their price target on shares of Builders FirstSource from $90.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, October 8th. Weiss Ratings reissued a "sell (d)" rating on shares of Builders FirstSource in a report on Monday. BMO Capital Markets restated a "market perform" rating and set a $80.00 target price on shares of Builders FirstSource in a research report on Thursday, August 6th. Barclays lowered their target price on shares of Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Finally, KeyCorp dropped their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating for the company in a report on Monday, July 13th. Eight research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $82.25.

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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