854,895 Shares in Builders FirstSource, Inc. $BLDR Acquired by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors acquired 854,895 Builders FirstSource shares worth approximately $48.7 million, representing about 0.79% of the company. Institutional investors collectively own 95.53% of BLDR.
• Wall Street’s consensus rating is “Hold”, based on nine Buy, thirteen Hold, and three Sell ratings, with an average price target of $84.50.
• BLDR shares opened at $50.46, near their 12-month low of $49.67 and down significantly from the 12-month high of $131.50. The company’s latest quarterly results missed estimates, with EPS of $1.17 versus $1.25 expected and revenue down 8.8% year over year.

Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 854,895 shares of the company's stock, valued at approximately $48,738,000. Fort Washington Investment Advisors Inc. OH owned approximately 0.79% of Builders FirstSource at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its holdings in shares of Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock worth $30,000 after acquiring an additional 300 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company's stock valued at $31,000 after purchasing an additional 113 shares in the last quarter. Virginia Estate & Retirement Planning Advisors Inc. purchased a new position in shares of Builders FirstSource in the third quarter valued at $34,000. Versant Capital Management Inc grew its holdings 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 valued at $38,000 after purchasing an additional 270 shares in the last quarter. Finally, Allworth Financial LP bought a new stake in Builders FirstSource in the second quarter worth $42,000. Institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

BLDR has been the subject of several research reports. Benchmark lowered their price objective on shares of Builders FirstSource from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Citizens Jmp began coverage on shares of Builders FirstSource in a report on Friday, August 21st. They issued a "market perform" rating on the stock. Zacks Research upgraded shares of Builders FirstSource from a "strong sell" rating to a "hold" rating in a research report on Friday, October 2nd. Truist Financial lowered their price target on shares of Builders FirstSource from $90.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, October 8th. Finally, UBS Group set a $85.00 price target on shares of Builders FirstSource in a report on Thursday, October 1st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of "Hold" and an average target price of $84.50.

Builders FirstSource Trading Down 2.4%

Shares of BLDR opened at $50.46 on Thursday. The company's fifty day simple moving average is $62.87 and its 200-day simple moving average is $73.00. The company has a market cap of $5.43 billion, a P/E ratio of 55.45, a P/E/G ratio of 1.66 and a beta of 1.45. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly 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 analysts' expectations of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. Builders FirstSource's revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.38 earnings per share. As a group, analysts expect that Builders FirstSource, Inc. will post 3.19 EPS for the current year.

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.

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