49,641 Shares of Builders FirstSource, Inc. $BLDR Bought by Griffith & Werner Inc.

Key Points

• Griffith & Werner acquired 49,641 Builders FirstSource shares in the third quarter, worth approximately $2.83 million.
• Builders FirstSource beat quarterly earnings and revenue estimates, reporting $1.51 per share and $3.85 billion in revenue, though revenue fell 2.2% year over year.
• Analyst sentiment is mixed: the stock has a consensus Hold rating and an average price target of $75.55.

Griffith & Werner Inc. acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,641 shares of the company's stock, valued at approximately $2,830,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BLDR. Sunbelt Securities Inc. grew its stake in shares of Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock valued at $30,000 after buying an additional 300 shares during the period. Allworth Financial LP acquired a new position in Builders FirstSource during the 2nd quarter worth approximately $42,000. Clark Wealth Partners acquired a new position in Builders FirstSource during the 3rd quarter worth approximately $27,000. PFS Partners LLC bought a new position in Builders FirstSource in the third quarter worth approximately $28,000. Finally, Continuum Advisory LLC bought a new position in Builders FirstSource in the second quarter worth approximately $48,000. Institutional investors own 95.53% of the company's stock.

Analyst Ratings Changes

BLDR has been the subject of a number of research reports. Oppenheimer reduced their price objective on Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating for the company in a research note on Friday, October 16th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $78.00 target price on shares of Builders FirstSource in a research report on Friday, October 30th. Benchmark lowered their target price on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Loop Capital cut Builders FirstSource from a "buy" rating to a "hold" rating and set a $62.00 target price on the stock. in a report on Monday, October 26th. Finally, Barclays reduced their price target on shares of Builders FirstSource from $81.00 to $70.00 and set an "overweight" rating for the company in a research report on Friday, October 30th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $75.55.

Builders FirstSource Trading Down 0.2%

NYSE:BLDR opened at $62.42 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The company has a market cap of $6.72 billion, a PE ratio of 168.72, a PEG ratio of 1.74 and a beta of 1.41. The firm has a 50-day moving average of $58.94 and a 200-day moving average of $79.21.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The business had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter last year, the firm earned $1.88 EPS. The firm's revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 3.68 EPS for the current fiscal year.

Builders FirstSource Profile

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