Builders FirstSource, Inc. $BLDR Shares Newly Acquired by Talbot Financial LLC

Key Points

• Talbot Financial LLC acquired 125,980 Builders FirstSource shares worth approximately $7.18 million, representing about 0.12% of the company. Institutional investors collectively own 95.53% of BLDR.
• BLDR shares recently traded at $52.99, near the lower end of their 52-week range of $49.67 to $131.50, while the stock remains below its 50-day and 200-day moving averages.
• Builders FirstSource missed quarterly earnings and revenue expectations, reporting $1.17 in EPS and $3.86 billion in revenue. Analysts have a consensus “Hold” rating and an average price target of $83.54.

Talbot Financial LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 125,980 shares of the company's stock, valued at approximately $7,182,000. Talbot Financial LLC owned about 0.12% of Builders FirstSource as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BLDR. BlackRock Inc. purchased a new stake in Builders FirstSource during the 2nd quarter worth approximately $700,934,000. Dimensional Fund Advisors LP boosted its stake in shares of Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock worth $244,301,000 after acquiring an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource in the second quarter worth approximately $134,908,000. Pictet Asset Management Holding SA increased its position in shares of Builders FirstSource by 74.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company's stock worth $113,478,000 after purchasing an additional 588,987 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Builders FirstSource during the second quarter worth approximately $83,832,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of BLDR stock traded down $1.66 during trading hours on Monday, reaching $52.99. The company had a trading volume of 757,834 shares, compared to its average volume of 2,530,620. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 58.23, a PEG ratio of 1.79 and a beta of 1.45. The stock has a fifty day moving average of $62.10 and a 200-day moving average of $72.64.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). The company 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.38 EPS. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BLDR shares. BMO Capital Markets reissued a "market perform" rating and issued a $80.00 price objective on shares of Builders FirstSource in a research note on Thursday, August 6th. Barclays lowered their target price on shares of Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. UBS Group set a $85.00 target price on shares of Builders FirstSource in a report on Thursday, October 1st. Citigroup reiterated a "market perform" rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Finally, Melius Research started coverage on shares of Builders FirstSource in a research note on Tuesday, October 6th. They issued a "sell" rating and a $52.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $83.54.

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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