Builders FirstSource, Inc. $BLDR Shares Newly Acquired by B. Riley Wealth Advisors Inc.

Key Points

• B. Riley Wealth Advisors acquired 32,090 Builders FirstSource shares during the third quarter, valued at approximately $1.83 million. Institutional investors collectively own 95.53% of the company.
• Analyst sentiment is mixed, with nine Buy, 13 Hold, and three Sell ratings; the stock has an average consensus rating of Hold and a $84.50 price target.
• Builders FirstSource shares opened at $50.46, near their 12-month low of $49.67. The company recently missed quarterly earnings and revenue estimates, reporting $1.17 EPS and $3.86 billion in revenue, with revenue down 8.8% year over year.

B. Riley Wealth Advisors Inc. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 32,090 shares of the company's stock, valued at approximately $1,829,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. boosted its holdings in shares of Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock valued at $30,000 after purchasing an additional 300 shares during the period. Root Financial Partners LLC grew its stake in Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after purchasing an additional 113 shares in the last quarter. Versant Capital Management Inc increased its holdings in Builders FirstSource by 67.5% during the 3rd quarter. Versant Capital Management Inc now owns 670 shares of the company's stock worth $38,000 after purchasing an additional 270 shares during the period. Allworth Financial LP purchased a new position in Builders FirstSource during the 2nd quarter worth $42,000. Finally, Continuum Advisory LLC purchased a new position in Builders FirstSource during the 2nd quarter worth $48,000. Institutional investors own 95.53% of the company's stock.

Analyst Ratings Changes

BLDR has been the subject of a number of research reports. KeyCorp lowered their price objective 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. Wells Fargo & Company cut their target price on shares of Builders FirstSource from $65.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Friday, September 11th. Deutsche Bank Aktiengesellschaft set a $66.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. Stifel Nicolaus set a $65.00 price target on shares of Builders FirstSource in a report on Friday, September 18th. Finally, Melius Research began coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They issued a "sell" rating and a $52.00 price target for the company. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of "Hold" and a consensus price target of $84.50.

Builders FirstSource Trading Down 2.4%

Shares of Builders FirstSource stock opened at $50.46 on Thursday. 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 12-month low of $49.67 and a 12-month high of $131.50. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 55.45, a PEG ratio of 1.66 and a beta of 1.45. The firm's 50 day simple moving average is $62.87 and its two-hundred day simple moving average is $73.00.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly 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). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The company had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the prior year, the business posted $2.38 EPS. The company's quarterly revenue was down 8.8% on a year-over-year basis. Analysts predict that Builders FirstSource, Inc. will post 3.19 EPS for the current year.

Builders FirstSource 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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