49,421 Shares in Builders FirstSource, Inc. $BLDR Bought by Avior Wealth Management LLC

Key Points

• Avior Wealth Management bought 49,421 shares of Builders FirstSource worth approximately $2.82 million, while institutional investors collectively own 95.53% of the company.
• Builders FirstSource shares opened at $51.71, near their 52-week low of $51.24 and well below the 52-week high of $131.50. The company’s latest quarterly results missed analyst expectations, with EPS of $1.17 versus $1.25 expected and revenue down 8.8% year over year.
• Analysts have a consensus “Hold” rating and an average price target of $84.50, based on nine Buy, thirteen Hold, and three Sell ratings.

Avior Wealth Management LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 49,421 shares of the company's stock, valued at approximately $2,817,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Builders FirstSource in the second quarter valued at $700,934,000. Dimensional Fund Advisors LP increased its position in shares of Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock worth $244,301,000 after acquiring an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Builders FirstSource in the second quarter worth about $134,908,000. Pictet Asset Management Holding SA lifted its stake in shares of Builders FirstSource by 74.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company's stock worth $113,478,000 after acquiring an additional 588,987 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of Builders FirstSource in the second quarter worth about $83,832,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Down 0.8%

Shares of Builders FirstSource stock opened at $51.71 on Wednesday. The business has a 50-day moving average price of $63.38 and a 200 day moving average price of $73.22. Builders FirstSource, Inc. has a fifty-two week low of $51.24 and a fifty-two week high of $131.50. The firm has a market cap of $5.56 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.67 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 released its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion for 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 company's quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.38 EPS. On average, sell-side analysts forecast that Builders FirstSource, Inc. will post 3.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on BLDR shares. Citizens Jmp started coverage on Builders FirstSource in a research report on Friday, August 21st. They issued a "market perform" rating on the stock. DA Davidson set a $68.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Citigroup restated a "market perform" rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Benchmark cut their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $84.50.

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.