Builders FirstSource, Inc. $BLDR Stock: Kestra Advisory Services LLC Grows Holdings

Key Points

• Kestra Advisory Services sharply increased its BLDR stake by 13,597.6% in the third quarter, ending with 579,133 shares worth about $33 million. Institutional investors collectively own 95.53% of the stock.
• Builders FirstSource reported quarterly EPS of $1.51, beating the $1.06 consensus, and revenue of $3.85 billion, above estimates. Revenue nevertheless declined 2.2% year over year, and shares fell 4.7% on Friday to $62.42.
• Analyst opinion is mostly cautious: seven analysts rate the stock Buy, 16 Hold and two Sell, producing an overall Hold rating and an average price target of $75.55.

Kestra Advisory Services LLC increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 13,597.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 579,133 shares of the company's stock after acquiring an additional 574,905 shares during the quarter. Kestra Advisory Services LLC owned approximately 0.54% of Builders FirstSource worth $33,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BLDR. Clark Wealth Partners bought a new stake in Builders FirstSource in the third quarter valued at $27,000. PFS Partners LLC acquired a new position in shares of Builders FirstSource during the third quarter valued at about $28,000. Sunbelt Securities Inc. raised its holdings in shares of Builders FirstSource by 508.5% during 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. Sunrise Financial Services LLC bought a new position in shares of Builders FirstSource during the 3rd quarter worth about $32,000. Finally, Barrett & Company Inc. bought a new position in shares of Builders FirstSource during the 3rd quarter worth about $33,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Down 4.7%

Shares of BLDR stock traded down $3.08 during trading hours on Friday, reaching $62.42. The company had a trading volume of 2,438,293 shares, compared to its average volume of 2,799,644. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 168.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50. The business has a fifty day simple moving average of $58.94 and a 200-day simple moving average of $79.21.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. Builders FirstSource's revenue was down 2.2% compared to the same quarter last year. On average, research analysts expect that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLDR has been the subject of several research reports. Melius Research started coverage on Builders FirstSource in a research note on Tuesday, October 6th. They issued a "sell" rating and a $52.00 target price for the company. KeyCorp dropped their price target on Builders FirstSource from $91.00 to $80.00 and set an "overweight" rating on the stock in a research note on Friday, October 30th. William Blair lowered Builders FirstSource from an "outperform" rating to a "market perform" rating in a report on Thursday, October 22nd. Oppenheimer reduced their price objective on Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating for the company in a research note on Friday, October 16th. Finally, UBS Group reduced their price objective on Builders FirstSource from $88.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, October 30th. Seven research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $75.55.

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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