Builders FirstSource, Inc. $BLDR Shares Newly Bought by M Holdings Securities Inc.

Key Points

• M Holdings Securities acquired a new 16,045-share stake in Builders FirstSource during the third quarter, valued at approximately $915,000. Institutional investors and hedge funds collectively own 95.53% of the stock.
• Analysts have a consensus “Hold” rating and an average price target of $75.55; seven rate the shares Buy, 16 Hold, and two Sell.
• Builders FirstSource beat quarterly earnings and revenue estimates, reporting EPS of $1.51 versus $1.06 expected and revenue of $3.85 billion versus $3.75 billion. Revenue nevertheless declined 2.2% year over year.

M Holdings Securities Inc. acquired 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 Securities and Exchange Commission. The fund acquired 16,045 shares of the company's stock, valued at approximately $915,000.

Several other institutional investors and hedge funds have also modified their holdings of BLDR. Clark Wealth Partners acquired a new stake in Builders FirstSource during the third quarter worth about $27,000. PFS Partners LLC acquired a new position in Builders FirstSource in the third quarter valued at approximately $28,000. Sunbelt Securities Inc. lifted its holdings in 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 acquiring an additional 300 shares during the period. Sunrise Financial Services LLC acquired a new position in Builders FirstSource in the third quarter valued at approximately $32,000. Finally, Barrett & Company Inc. acquired a new position in Builders FirstSource in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Builders FirstSource in a research note on Monday, October 19th. UBS Group decreased their target price on shares of Builders FirstSource from $88.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, October 30th. Barclays lowered their price target on shares of Builders FirstSource from $81.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday, October 30th. Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $78.00 price objective on shares of Builders FirstSource in a report on Friday, October 30th. Seven investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Builders FirstSource has a consensus rating of "Hold" and an average price target of $75.55.

Builders FirstSource Stock Performance

NYSE BLDR opened at $65.88 on Tuesday. 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 stock's 50 day simple moving average is $58.90 and its 200-day simple moving average is $78.91. The company has a market cap of $7.09 billion, a PE ratio of 178.06, a price-to-earnings-growth ratio of 1.93 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 issued its quarterly earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.06 by $0.45. The firm had revenue of $3.85 billion during the quarter, compared to analysts' expectations of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 earnings per share. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 3.68 EPS for the current fiscal year.

Builders FirstSource Profile

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR - Free Report).

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