39,871 Shares in Builders FirstSource, Inc. $BLDR Bought by Robertson Stephens Wealth Management LLC

Key Points

• Robertson Stephens Wealth Management bought 39,871 Builders FirstSource shares in the third quarter, valued at approximately $2.27 million. Institutional investors and hedge funds collectively own 95.53% of BLDR.
• Analyst sentiment is mixed, with nine Buy, thirteen Hold and three Sell ratings; the consensus rating is Hold with an $83.54 price target. Several firms recently lowered their targets.
• BLDR opened at $54.74, near its 52-week low of $49.67 and well below its 52-week high of $131.50. Its latest quarterly results missed expectations, with EPS of $1.17 versus $1.25 expected and revenue down 8.8% year over year.

Robertson Stephens Wealth Management LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 39,871 shares of the company's stock, valued at approximately $2,273,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Builders FirstSource in the second quarter valued at $700,934,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Builders FirstSource during the 2nd quarter worth $134,908,000. Bank of America Corp DE acquired a new position in Builders FirstSource during the 2nd quarter worth $83,832,000. Fort Washington Investment Advisors Inc. OH acquired a new position in Builders FirstSource during the 3rd quarter worth $48,738,000. Finally, Jupiter Topco LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter worth about $73,935,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $66.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. Citigroup reaffirmed a "market perform" rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Barclays decreased their price target on Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Truist Financial lowered their price objective on Builders FirstSource from $90.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, October 8th. Finally, KeyCorp cut their price objective on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating on the stock in a research note on Monday, July 13th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource has an average rating of "Hold" and a consensus price target of $83.54.

Builders FirstSource Stock Up 0.2%

BLDR stock opened at $54.74 on Monday. The firm's 50-day simple moving average is $62.10 and its 200 day simple moving average is $72.64. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The stock has a market cap of $5.89 billion, a PE ratio of 60.15, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14.

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). The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business's quarterly revenue was down 8.8% compared to the same quarter last year. During the same period last year, the company earned $2.38 earnings per share. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 3.13 EPS for the current 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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