Cadinha & Co. LLC Purchases 23,802 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Cadinha & Co. LLC purchased 23,802 Builders FirstSource shares worth approximately $1.36 million during the third quarter. Institutional investors collectively own 95.53% of the company.
• Analyst sentiment remains mixed, with eight Buy, fourteen Hold and two Sell ratings. Builders FirstSource has an average rating of Hold and an average price target of $82.25.
• BLDR opened at $57.49, well below its 52-week high of $131.50. The company recently missed quarterly earnings and revenue estimates, reporting $1.17 in EPS and $3.86 billion in revenue, with revenue down 8.8% year over year.

Cadinha & Co. LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,802 shares of the company's stock, valued at approximately $1,357,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in Builders FirstSource during the third quarter valued at approximately $1,054,000. E. Ohman J or Asset Management AB acquired a new position in shares of Builders FirstSource during the 3rd quarter worth $4,295,000. SBI Securities Co. Ltd. increased its stake in shares of Builders FirstSource by 20,943.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 30,092 shares of the company's stock worth $1,716,000 after purchasing an additional 29,949 shares during the last quarter. Reyes Financial Architecture Inc. bought a new position in shares of Builders FirstSource during the 3rd quarter valued at $43,000. Finally, Smith Chas P & Associates PA Cpas bought a new position in shares of Builders FirstSource during the 3rd quarter valued at $169,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on BLDR. Citigroup reissued a "market perform" rating on shares of Builders FirstSource in a research report on Thursday, October 8th. DA Davidson set a $68.00 price target on Builders FirstSource in a research report on Friday, July 31st. William Blair downgraded Builders FirstSource from an "outperform" rating to a "market perform" rating in a research note on Thursday. KeyCorp lowered their price objective on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating on the stock in a report on Monday, July 13th. Finally, Robert W. Baird set a $75.00 price objective on Builders FirstSource in a report on Friday, July 31st. Eight investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $82.25.

Builders FirstSource Stock Performance

NYSE BLDR opened at $57.49 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 1.76 and a beta of 1.45. The company's fifty day moving average is $60.60 and its two-hundred day moving average is $71.91. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50.

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 analyst estimates of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm's quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.38 EPS. Equities research analysts forecast that Builders FirstSource, Inc. will post 3.10 EPS for the current 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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