Consilium Wealth Advisory LLC Makes New Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Consilium Wealth Advisory acquired 153,151 shares of Builders FirstSource in the third quarter, valued at approximately $8.7 million and representing 2.6% of its portfolio. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource’s stock recently traded near $50, close to its 12-month low of $49.67 and well below its 12-month high of $131.50. The company’s latest quarterly results missed analyst estimates, with EPS of $1.17 and revenue down 8.8% year over year.
• Analyst sentiment is mixed: nine analysts rate the stock a Buy, 13 recommend Hold and three recommend Sell. The consensus rating is Hold, with an average price target of $84.50.

Consilium Wealth Advisory LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 153,151 shares of the company's stock, valued at approximately $8,731,000. Builders FirstSource makes up approximately 2.6% of Consilium Wealth Advisory LLC's holdings, making the stock its 12th largest position. Consilium Wealth Advisory LLC owned about 0.14% of Builders FirstSource at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth about $700,934,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $134,908,000. Bank of America Corp DE purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at about $83,832,000. Jupiter Topco LLC purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at about $73,935,000. Finally, Atlas FRM LLC acquired a new position in Builders FirstSource in the 2nd quarter worth about $64,246,640. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Price Performance

Builders FirstSource stock traded down $1.48 during midday trading on Wednesday, reaching $50.23. The company had a trading volume of 1,390,437 shares, compared to its average volume of 2,518,919. The company has a market capitalization of $5.40 billion, a P/E ratio of 55.22, a P/E/G ratio of 1.67 and a beta of 1.45. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The firm's fifty day simple moving average is $63.38 and its 200-day simple moving average is $73.22. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) 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 firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the firm posted $2.38 earnings per share. The company's quarterly revenue was down 8.8% on a year-over-year basis. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 3.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. DA Davidson set a $68.00 price target on Builders FirstSource in a research report on Friday, July 31st. Stifel Nicolaus set a $65.00 price objective on Builders FirstSource in a report on Friday, September 18th. Oppenheimer cut their price objective on Builders FirstSource from $110.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, July 31st. Citigroup reaffirmed a "market perform" rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Finally, Weiss Ratings downgraded Builders FirstSource from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $84.50.

Builders FirstSource Company Profile

Builders FirstSource, Inc NYSE: BLDR is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.