41,212 Shares in Builders FirstSource, Inc. $BLDR Acquired by Harrell Investment Partners LLC

Key Points

• Harrell Investment Partners acquired 41,212 Builders FirstSource shares in the third quarter, valued at approximately $2.35 million. Institutional investors collectively own 95.53% of the company.
• Analysts have a consensus “Hold” rating on BLDR, with an average price target of $84.50; ratings include nine Buys, 13 Holds, and three Sells.
• Builders FirstSource reported quarterly EPS of $1.17, below the $1.25 estimate, while revenue fell 8.8% year over year to $3.86 billion. The stock opened at $53.70, near its 52-week low of $49.67.

Harrell Investment Partners LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 41,212 shares of the company's stock, valued at approximately $2,349,000.

Other hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. grew its stake in Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company's stock valued at $31,000 after acquiring an additional 113 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. purchased a new stake in shares of Builders FirstSource in the third quarter worth about $34,000. Versant Capital Management Inc raised its position in shares of Builders FirstSource by 67.5% in the third quarter. Versant Capital Management Inc now owns 670 shares of the company's stock worth $38,000 after acquiring an additional 270 shares during the period. Finally, Allworth Financial LP acquired a new stake in Builders FirstSource in the second quarter valued at approximately $42,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings lowered Builders FirstSource from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, July 21st. Wells Fargo & Company decreased their price objective on shares of Builders FirstSource from $65.00 to $63.00 and set an "equal weight" rating on the stock in a report on Friday, September 11th. Robert W. Baird set a $75.00 target price on Builders FirstSource in a report on Friday, July 31st. Zacks Research raised Builders FirstSource from a "strong sell" rating to a "hold" rating in a research report on Friday, October 2nd. Finally, KeyCorp lowered their price target 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. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource has a consensus rating of "Hold" and an average target price of $84.50.

Builders FirstSource Stock Performance

NYSE BLDR opened at $53.70 on Friday. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The company has a market capitalization of $5.78 billion, a P/E ratio of 59.01, a PEG ratio of 1.62 and a beta of 1.45. The business has a 50 day moving average price of $62.50 and a 200 day moving average price of $72.81. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results 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 company had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. Builders FirstSource's quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.38 EPS. Sell-side analysts expect that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

About Builders FirstSource

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.

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.