Cantor Fitzgerald Investment Advisors L.P. Acquires New Stake in Builders FirstSource, Inc. $BLDR

Key Points

• Cantor Fitzgerald Investment Advisors acquired 259,999 shares of Builders FirstSource, valued at approximately $14.8 million, giving it a roughly 0.24% stake. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource’s stock opened at $53.51, near its one-year low, after the company reported quarterly revenue of $3.86 billion and EPS of $1.17—both below analyst expectations. Revenue declined 8.8% year over year.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $82.25; several firms recently lowered their targets, although nine analysts still rate the stock a Buy.

Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 259,999 shares of the company's stock, valued at approximately $14,823,000. Cantor Fitzgerald Investment Advisors L.P. owned approximately 0.24% of Builders FirstSource as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BLDR. Nisa Investment Advisors LLC increased its position in shares of Builders FirstSource by 40,460.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company's stock worth $41,761,000 after purchasing an additional 730,723 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $700,934,000. Louisbourg Investments Inc. bought a new position in shares of Builders FirstSource during the third quarter worth about $1,949,000. The Manufacturers Life Insurance Company bought a new position in shares of Builders FirstSource during the second quarter worth about $7,317,000. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Builders FirstSource during the third quarter worth about $3,218,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Trading Down 0.8%

NYSE BLDR opened at $53.51 on Thursday. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The company has a 50-day simple moving average of $60.92 and a 200-day simple moving average of $72.06. 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 capitalization of $5.76 billion, a PE ratio of 58.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the company earned $2.38 EPS. Builders FirstSource's revenue was down 8.8% compared to the same quarter last year. On average, equities analysts forecast that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on BLDR. Oppenheimer lowered their price objective on Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating for the company in a report on Friday, October 16th. UBS Group set a $85.00 price objective on Builders FirstSource in a research note on Thursday, October 1st. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Builders FirstSource in a report on Monday. Barclays decreased their target price on Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Finally, KeyCorp lowered their price target on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating for the company in a report on Monday, July 13th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of "Hold" and a consensus price target of $82.25.

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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