Builders FirstSource, Inc. $BLDR Shares Newly Purchased by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group purchased 123,506 Builders FirstSource shares worth approximately $7.04 million, representing a 0.11% stake. Institutional investors collectively own 95.53% of the company.
• Analysts maintain a generally cautious outlook: the stock has an average rating of “Hold” and a consensus price target of $82.25, with eight Buy, fourteen Hold, and two Sell ratings.
• Builders FirstSource opened at $56.88, well below its 12-month high of $131.50. Its latest quarterly results missed expectations, with adjusted earnings of $1.17 per share versus the $1.25 consensus and revenue down 8.8% year over year.

Citizens Financial Group Inc. RI purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 123,506 shares of the company's stock, valued at approximately $7,041,000. Citizens Financial Group Inc. RI owned 0.11% of Builders FirstSource as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of BLDR. BlackRock Inc. bought a new position in Builders FirstSource in the second quarter worth about $700,934,000. Dimensional Fund Advisors LP raised its position in shares of Builders FirstSource by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock worth $244,301,000 after purchasing an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $134,908,000. Pictet Asset Management Holding SA lifted its holdings in shares of Builders FirstSource by 74.6% in the 1st 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 during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Builders FirstSource in the 2nd quarter worth approximately $83,832,000. Institutional investors own 95.53% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Robert W. Baird set a $75.00 price objective on Builders FirstSource in a research note on Friday, July 31st. DA Davidson set a $68.00 target price on Builders FirstSource in a research note on Friday, July 31st. Weiss Ratings reissued a "sell (d)" rating on shares of Builders FirstSource in a report on Monday, October 19th. Zacks Research upgraded shares of Builders FirstSource from a "strong sell" rating to a "hold" rating in a research report on Friday, October 2nd. Finally, UBS Group set a $85.00 price objective on shares of Builders FirstSource in a research report on Thursday, October 1st. Eight investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $82.25.

Builders FirstSource Stock Up 0.1%

Builders FirstSource stock opened at $56.88 on Monday. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve 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 firm has a market cap of $6.12 billion, a PE ratio of 62.51, a P/E/G ratio of 1.89 and a beta of 1.45. The firm's 50 day moving average price is $60.29 and its two-hundred day moving average price is $71.73.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share 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 the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm's revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.38 EPS. On average, research analysts predict that Builders FirstSource, Inc. will post 3.07 EPS for the current fiscal year.

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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