75,323 Shares of Builders FirstSource, Inc. $BLDR Bought by Woodward Diversified Capital LLC

Key Points

• Woodward Diversified Capital acquired 75,323 Builders FirstSource shares worth approximately $4.3 million, making BLDR its 13th-largest holding and representing 1.6% of its portfolio. Institutional investors collectively own 95.53% of the company.
• Analyst sentiment is mixed: eight analysts rate BLDR a Buy, 14 a Hold and two a Sell. The consensus rating is Hold, with an average price target of $82.25, though several analysts recently lowered their targets.
• BLDR shares opened at $53.51, near their one-year low of $49.67 and well below the one-year high of $131.50. Recent quarterly results missed expectations, with EPS of $1.17 versus $1.25 expected and revenue down 8.8% year over year.

Woodward Diversified Capital LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 75,323 shares of the company's stock, valued at approximately $4,294,000. Builders FirstSource comprises 1.6% of Woodward Diversified Capital LLC's portfolio, making the stock its 13th largest holding. Woodward Diversified Capital LLC owned 0.07% of Builders FirstSource at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Builders FirstSource in the second quarter valued at approximately $700,934,000. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $134,908,000. Pictet Asset Management Holding SA lifted its holdings in 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 during the last quarter. Finally, Bank of America Corp DE acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $83,832,000. Institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

BLDR has been the subject of several recent research reports. Robert W. Baird set a $75.00 price target on Builders FirstSource in a research note on Friday, July 31st. William Blair cut Builders FirstSource to a "market perform" rating in a research report on Thursday. Truist Financial dropped their target price on Builders FirstSource from $90.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, October 8th. Weiss Ratings reissued a "sell (d)" rating on shares of Builders FirstSource in a report on Monday. Finally, Oppenheimer reduced their target price on shares of Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating for the company in a research report on Friday, October 16th. Eight analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $82.25.

Builders FirstSource Trading Down 0.8%

Shares of BLDR stock opened at $53.51 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The stock has a market cap of $5.76 billion, a P/E ratio of 58.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45. The stock has a 50 day simple moving average of $60.92 and a 200 day simple moving average of $72.06. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly 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). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the company earned $2.38 EPS. The company's quarterly revenue was down 8.8% compared to the same quarter last year. On average, research analysts predict that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal 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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