Calamos Wealth Management LLC Makes New $10.19 Million Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Calamos Wealth Management acquired 178,733 Builders FirstSource shares in the third quarter, worth approximately $10.19 million and representing about 0.17% of the company.
• Builders FirstSource beat quarterly earnings and revenue expectations, reporting $1.51 per share and $3.85 billion in revenue; revenue was down 2.2% year over year.
• Analyst sentiment is mixed but averages to a Hold rating, with a mean price target of $75.55. Institutional investors own 95.53% of the stock.

Calamos Wealth Management LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 178,733 shares of the company's stock, valued at approximately $10,190,000. Calamos Wealth Management LLC owned about 0.17% of Builders FirstSource at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BLDR. Wedbush Securities Inc. increased its holdings in Builders FirstSource by 5.3% during the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company's stock worth $262,000 after purchasing an additional 147 shares in the last quarter. Private Advisor Group LLC grew its holdings in Builders FirstSource by 5.9% during the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company's stock worth $238,000 after buying an additional 162 shares in the last quarter. Altshuler Shaham Ltd raised its position in Builders FirstSource by 2.4% in the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company's stock valued at $626,000 after buying an additional 180 shares during the last quarter. Mufg Securities Americas Inc. raised its position in Builders FirstSource by 5.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company's stock valued at $290,000 after buying an additional 180 shares during the last quarter. Finally, American Trust lifted its stake in Builders FirstSource by 6.7% during the 1st quarter. American Trust now owns 3,138 shares of the company's stock valued at $258,000 after acquiring an additional 197 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded down $3.08 during trading on Friday, hitting $62.42. 2,438,293 shares of the company were exchanged, compared to its average volume of 2,799,644. The company has a market cap of $6.72 billion, a PE ratio of 168.72, a P/E/G ratio of 2.11 and a beta of 1.41. The stock has a 50 day moving average of $58.94 and a 200 day moving average of $79.21. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. 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 (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the firm posted $1.88 EPS. Builders FirstSource's revenue was down 2.2% on a year-over-year basis. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BLDR shares. Loop Capital downgraded shares of Builders FirstSource from a "buy" rating to a "hold" rating and set a $62.00 price objective for the company. in a research report on Monday, October 26th. Barclays dropped their target price on shares of Builders FirstSource from $81.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, October 30th. Truist Financial upped their target price on Builders FirstSource from $70.00 to $75.00 and gave the company a "buy" rating in a report on Friday, October 30th. Robert W. Baird set a $75.00 target price on Builders FirstSource in a report on Friday, July 31st. Finally, Benchmark decreased their price target on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Seven research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource has an average rating of "Hold" and an average target price of $75.55.

About Builders FirstSource

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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