35,635 Shares of Builders FirstSource, Inc. $BLDR Bought by St. Louis Financial Planners Asset Management LLC

Key Points

• St. Louis Financial Planners Asset Management purchased 35,635 Builders FirstSource shares during the third quarter, valued at approximately $2.03 million. Institutional investors collectively own 95.53% of BLDR.
• Analyst sentiment is mixed, with a consensus “Hold” rating from 25 analysts and an average price target of $83.54, despite several firms lowering their targets.
• BLDR shares recently traded at $54.74, near the lower end of their 52-week range. The company’s latest quarterly results missed expectations, with revenue down 8.8% year over year and earnings of $1.17 per share versus the $1.25 estimate.

St. Louis Financial Planners Asset 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 disclosure with the Securities and Exchange Commission (SEC). The fund bought 35,635 shares of the company's stock, valued at approximately $2,032,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC boosted its position in 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. Wedbush Securities Inc. grew its stake in Builders FirstSource by 5.3% in the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company's stock valued at $262,000 after purchasing an additional 147 shares in the last quarter. Private Advisor Group LLC grew its stake in Builders FirstSource by 5.9% in the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company's stock valued at $238,000 after purchasing an additional 162 shares in the last quarter. Altshuler Shaham Ltd grew its stake in Builders FirstSource by 2.4% in the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company's stock valued at $626,000 after purchasing an additional 180 shares in the last quarter. Finally, Mufg Securities Americas Inc. increased its position in shares of Builders FirstSource by 5.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company's stock worth $290,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

BLDR has been the topic of a number of analyst reports. Stifel Nicolaus set a $65.00 price objective on Builders FirstSource in a research note on Friday, September 18th. Royal Bank Of Canada cut their price objective on Builders FirstSource from $107.00 to $88.00 and set an "outperform" rating for the company in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $66.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Citizens Jmp began coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They issued a "market perform" rating for the company. Finally, 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 report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $83.54.

Builders FirstSource Stock Performance

Shares of BLDR traded up $1.06 during mid-day trading on Friday, reaching $54.74. The company's stock had a trading volume of 2,602,922 shares, compared to its average volume of 3,699,288. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The business has a 50-day simple moving average of $62.10 and a two-hundred day simple moving average of $72.68. The stock has a market cap of $5.89 billion, a P/E ratio of 60.15, a PEG ratio of 1.75 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share 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 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 revenue was down 8.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

Builders FirstSource 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.

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