35,450 Shares of Builders FirstSource, Inc. $BLDR Acquired by Courier Capital LLC

Key Points

• Courier Capital LLC acquired 35,450 Builders FirstSource shares in the third quarter, valued at approximately $2.02 million. Institutional investors and hedge funds collectively own 95.53% of BLDR.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” from 25 analysts and an average price target of $84.50. Truist lowered its target to $70 while retaining a “Buy” rating.
• BLDR shares traded near $51.71, close to their 12-month low of $51.24 and well below the 200-day moving average of $73.46. The company recently missed quarterly EPS estimates, while revenue declined 8.8% year over year.

Courier Capital LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 35,450 shares of the company's stock, valued at approximately $2,021,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BLDR. Sunbelt Securities Inc. lifted its holdings in Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock worth $30,000 after acquiring an additional 300 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company's stock valued at $31,000 after purchasing an additional 113 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Builders FirstSource by 67.5% during the third quarter. Versant Capital Management Inc now owns 670 shares of the company's stock valued at $38,000 after purchasing an additional 270 shares during the last quarter. Allworth Financial LP bought a new position in shares of Builders FirstSource during the second quarter valued at approximately $42,000. Finally, Continuum Advisory LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $48,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Ratings Changes

BLDR has been the topic of several recent research reports. Truist Financial cut 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. Wells Fargo & Company lowered their price objective on Builders FirstSource from $65.00 to $63.00 and set an "equal weight" rating for the company in a research note on Friday, September 11th. Citigroup reaffirmed a "market perform" rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a research report on Friday, July 31st. Finally, Stifel Nicolaus set a $65.00 target price on Builders FirstSource in a research note on Friday, September 18th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $84.50.

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded down $0.43 during midday trading on Tuesday, hitting $51.71. 1,986,114 shares of the company's stock were exchanged, compared to its average volume of 2,525,040. 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 stock's 50 day moving average price is $63.86 and its 200-day moving average price is $73.46. The firm has a market cap of $5.56 billion, a P/E ratio of 56.83, a PEG ratio of 1.70 and a beta of 1.45. Builders FirstSource, Inc. has a twelve month low of $51.24 and a twelve month high of $131.50.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the company earned $2.38 earnings per share. The business's quarterly revenue was down 8.8% compared to the same quarter last year. Equities research analysts anticipate that Builders FirstSource, Inc. will post 3.19 EPS for the current 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.

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.