88,503 Shares of Builders FirstSource, Inc. $BLDR Purchased by Monte Financial Group LLC

Key Points

• Monte Financial Group initiated a position in Builders FirstSource, buying 88,503 shares worth about $5.05 million, or approximately 0.08% of the company.
• Builders FirstSource beat quarterly earnings and revenue estimates, reporting EPS of $1.51 and revenue of $3.85 billion; revenue was down 2.2% year over year.
• Analysts have a consensus “Hold” rating and an average price target of $75.55, with ratings ranging from Buy to Sell.

Monte Financial Group LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 88,503 shares of the company's stock, valued at approximately $5,046,000. Builders FirstSource makes up 1.7% of Monte Financial Group LLC's holdings, making the stock its 28th biggest holding. Monte Financial Group LLC owned about 0.08% of Builders FirstSource as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in BLDR. Root Financial Partners LLC raised its position in Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company's stock valued at $31,000 after acquiring an additional 113 shares in the last quarter. Wedbush Securities Inc. lifted its stake in Builders FirstSource by 5.3% in the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company's stock valued at $262,000 after acquiring an additional 147 shares during the last quarter. Private Advisor Group LLC grew its position in Builders FirstSource by 5.9% in the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company's stock worth $238,000 after acquiring an additional 162 shares in the last quarter. Altshuler Shaham Ltd grew its position in Builders FirstSource by 2.4% in the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company's stock worth $626,000 after acquiring an additional 180 shares in the last quarter. Finally, Mufg Securities Americas Inc. grew its position in Builders FirstSource by 5.9% in the second quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company's stock worth $290,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $65.41 on Friday. The firm has a fifty day simple moving average of $59.03 and a 200-day simple moving average of $79.51. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 176.79, a PEG ratio of 1.93 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $3.75 billion. During the same period last year, the business posted $1.88 EPS. Builders FirstSource's revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 3.68 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BLDR shares. The Goldman Sachs Group restated a "buy" rating and set a $78.00 price target on shares of Builders FirstSource in a report on Friday, October 30th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $80.00 price objective on shares of Builders FirstSource in a research note on Thursday, August 6th. Melius Research started coverage on shares of Builders FirstSource in a report on Tuesday, October 6th. They issued a "sell" rating and a $52.00 price objective for the company. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. Finally, UBS Group lowered their target price on shares of Builders FirstSource from $88.00 to $75.00 and set a "buy" rating on the stock 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of "Hold" and an average price target of $75.55.

Builders FirstSource Company 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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