Builders FirstSource, Inc. $BLDR Shares Bought by Capital Investment Advisors LLC

Key Points

• Capital Investment Advisors LLC increased its Builders FirstSource stake by 195.7% in the third quarter, purchasing 40,270 additional shares for a total holding of 60,847 shares valued at approximately $3.47 million.
• Builders FirstSource reported weaker-than-expected quarterly results, with EPS of $1.17 versus the $1.25 consensus estimate and revenue of $3.86 billion, down 8.8% year over year.
• BLDR shares opened at $56.88, well below their 12-month high of $131.50. Analysts maintain a consensus “Hold” rating with an average price target of $82.25, while institutional investors collectively own 95.53% of the stock.

Capital Investment Advisors LLC boosted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 195.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,847 shares of the company's stock after buying an additional 40,270 shares during the period. Capital Investment Advisors LLC owned 0.06% of Builders FirstSource worth $3,469,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLDR. Root Financial Partners LLC grew its position in shares of Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after acquiring an additional 113 shares during the last quarter. Wedbush Securities Inc. raised its position in Builders FirstSource by 5.3% in the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company's stock valued at $262,000 after purchasing an additional 147 shares during the last quarter. Private Advisor Group LLC raised its position in Builders FirstSource by 5.9% in the 1st quarter. Private Advisor Group LLC now owns 2,890 shares of the company's stock valued at $238,000 after purchasing an additional 162 shares during the last quarter. Altshuler Shaham Ltd raised its position in Builders FirstSource by 2.4% in the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company's stock valued at $626,000 after purchasing an additional 180 shares during the last quarter. Finally, Mufg Securities Americas Inc. boosted its stake in Builders FirstSource by 5.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company's stock worth $290,000 after purchasing an additional 180 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of BLDR opened at $56.88 on Friday. 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's 50 day moving average is $60.29 and its two-hundred day moving average is $71.80. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The firm has a market capitalization of $6.12 billion, a PE ratio of 62.51, a P/E/G ratio of 1.89 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its 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). The business 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%. The business's quarterly revenue was down 8.8% on a year-over-year basis. During the same period last year, the company posted $2.38 earnings per share. Research analysts anticipate that Builders FirstSource, Inc. will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on BLDR shares. Weiss Ratings reissued a "sell (d)" rating on shares of Builders FirstSource in a research report on Monday, October 19th. KeyCorp decreased their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating for the company in a research note on Monday, July 13th. Citigroup reiterated a "market perform" rating on shares of Builders FirstSource in a research note on Thursday, October 8th. UBS Group set a $85.00 price target on Builders FirstSource in a report on Thursday, October 1st. Finally, William Blair cut Builders FirstSource from an "outperform" rating to a "market perform" rating in a research report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $82.25.

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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