Brighton Jones LLC Makes New $5.53 Million Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Brighton Jones LLC acquired 96,993 Builders FirstSource shares in the third quarter, valued at about $5.53 million, representing roughly 0.09% of the company.
• Other institutions also opened positions, and institutional investors and hedge funds collectively owned 95.53% of the stock.
• Builders FirstSource beat quarterly earnings and revenue estimates, but revenue fell 2.2% year over year. Analysts’ consensus rating was Hold, with an average price target of $75.55.

Brighton Jones LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 96,993 shares of the company's stock, valued at approximately $5,530,000. Brighton Jones LLC owned approximately 0.09% of Builders FirstSource at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Candriam S.C.A. acquired a new position in shares of Builders FirstSource during the third quarter worth about $632,000. American State Bank Iowa acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $1,255,000. Cullinan Associates Inc. acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $3,731,000. Rayburn West Financial Services LLC acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $1,109,000. Finally, Ethic Inc. purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $4,966,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $62.42 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. The firm has a 50-day moving average of $58.94 and a two-hundred day moving average of $79.21. The stock has a market cap of $6.72 billion, a P/E ratio of 168.72, a PEG ratio of 1.74 and a beta of 1.41. 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 announced its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the firm earned $1.88 earnings per share. The company's revenue was down 2.2% on a year-over-year basis. On average, research analysts expect that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on BLDR. Citigroup reiterated a "market perform" rating on shares of Builders FirstSource in a report on Thursday, October 8th. Melius Research initiated coverage on Builders FirstSource in a report on Tuesday, October 6th. They issued a "sell" rating and a $52.00 price target for the company. Oppenheimer lowered their price objective 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. Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $80.00 price objective on shares of Builders FirstSource in a research note on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $75.55.

Builders FirstSource Company Profile

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