72,860 Builders FirstSource, Inc. $BLDR Shares Acquired by Investment House LLC

Key Points

• Investment House LLC nearly doubled its Builders FirstSource stake in the third quarter, acquiring 72,860 additional shares to own 147,460 shares valued at approximately $8.4 million.
• Institutional investors and hedge funds own 95.53% of BLDR, with major additions or new positions from BlackRock, Dimensional Fund Advisors, Pictet Asset Management and others.
• Analysts maintain a consensus “Hold” rating with an $82.25 price target, while the stock recently traded at $57.49 after the company missed quarterly earnings and revenue estimates and reported an 8.8% year-over-year revenue decline.

Investment House LLC increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 97.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 147,460 shares of the company's stock after acquiring an additional 72,860 shares during the period. Investment House LLC owned about 0.14% of Builders FirstSource worth $8,407,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Truist Financial dropped their price target on shares of Builders FirstSource from $90.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, October 8th. Barclays cut their price target on shares of Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Stifel Nicolaus set a $65.00 price target on shares of Builders FirstSource in a research note on Friday, September 18th. Finally, DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $82.25.

Builders FirstSource Price Performance

NYSE:BLDR opened at $57.49 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The stock's 50 day moving average price is $60.60 and its two-hundred day moving average price is $71.91. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 63.18, a P/E/G ratio of 1.76 and a beta of 1.45. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). The business 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 business's revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.38 earnings per share. On average, analysts anticipate that Builders FirstSource, Inc. will post 3.10 earnings per share for the current year.

Builders FirstSource Profile

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.

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