879,543 Shares in Builders FirstSource, Inc. $BLDR Acquired by Phoenix Financial Ltd.

Key Points

• Phoenix Financial opened a position in Builders FirstSource, buying 879,543 shares worth about $50.1 million, equal to 0.82% of the company.
• Builders FirstSource beat quarterly earnings and revenue estimates, reporting EPS of $1.51 versus $1.06 expected and revenue of $3.85 billion; revenue was down 2.2% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $75.55. The stock recently traded at $60.54.

Phoenix Financial Ltd. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 879,543 shares of the company's stock, valued at approximately $50,143,000. Phoenix Financial Ltd. owned 0.82% of Builders FirstSource as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BLDR. Sunbelt Securities Inc. boosted its position in Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at $42,000. Clark Wealth Partners bought a new position in shares of Builders FirstSource in the 3rd quarter worth $27,000. PFS Partners LLC bought a new position in shares of Builders FirstSource in the 3rd quarter worth $28,000. Finally, Continuum Advisory LLC bought a new position in shares of Builders FirstSource in the 2nd quarter worth $48,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Up 0.7%

BLDR traded up $0.42 during trading on Friday, hitting $60.54. The stock had a trading volume of 1,473,633 shares, compared to its average volume of 2,758,191. The stock has a 50 day simple moving average of $58.69 and a two-hundred day simple moving average of $77.72. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The company has a market capitalization of $6.51 billion, a PE ratio of 163.63, a PEG ratio of 1.60 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the firm posted $1.88 earnings per share. The business's quarterly revenue was down 2.2% on a year-over-year basis. On average, research analysts predict that Builders FirstSource, Inc. will post 3.85 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BLDR shares. Stifel Nicolaus upped their price objective on Builders FirstSource from $55.00 to $58.00 and gave the stock a "hold" rating in a research note on Monday, November 2nd. Zacks Research upgraded Builders FirstSource from a "strong sell" rating to a "hold" rating in a research note on Friday, October 2nd. Barclays reduced their target price on shares of Builders FirstSource from $81.00 to $70.00 and set an "overweight" rating for the company in a report on Friday, October 30th. Truist Financial boosted their target price on shares of Builders FirstSource from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, October 30th. Finally, Robert W. Baird set a $75.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $75.55.

Builders FirstSource Company Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.

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