Corient Private Wealth LP Makes New $3.17 Million Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Corient Private Wealth acquired 35,448 Builders FirstSource shares during the second quarter, valued at approximately $3.17 million. Institutional investors collectively own 95.53% of the company.
• Analysts have broadly reduced their price targets following weaker results, with Builders FirstSource reporting quarterly EPS of $1.17 versus the $1.25 consensus and revenue down 8.8% year over year. The stock carries a consensus “Hold” rating and an average target price of $90.35.
• BLDR shares opened at $62.67, near their 12-month low of $62.31 and well below the 12-month high of $151.03, while the company’s market capitalization stood at approximately $6.74 billion.

Corient Private Wealth LP bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,448 shares of the company's stock, valued at approximately $3,172,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLDR. Caitong International Asset Management Co. Ltd increased its position in shares of Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company's stock valued at $26,000 after buying an additional 132 shares during the period. Sunbelt Securities Inc. lifted its holdings in Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock worth $30,000 after buying an additional 300 shares during the period. Root Financial Partners LLC boosted its position in Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company's stock valued at $31,000 after acquiring an additional 113 shares in the last quarter. Transamerica Financial Advisors LLC boosted its position in Builders FirstSource by 90.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company's stock valued at $38,000 after acquiring an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their target price on Builders FirstSource from $76.00 to $70.00 and set a "hold" rating for the company in a research note on Thursday, July 23rd. KeyCorp reduced their price target on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating on the stock in a research note on Monday, July 13th. Wells Fargo & Company decreased their price objective on Builders FirstSource from $85.00 to $65.00 and set an "equal weight" rating for the company in a report on Friday, July 31st. Oppenheimer dropped their target price on shares of Builders FirstSource from $110.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. Finally, Truist Financial reduced their target price on shares of Builders FirstSource from $115.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $90.35.

Builders FirstSource Stock Down 5.6%

Shares of NYSE:BLDR opened at $62.67 on Wednesday. The stock has a fifty day simple moving average of $74.45 and a two-hundred day simple moving average of $81.61. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 68.87, a PEG ratio of 2.16 and a beta of 1.41. Builders FirstSource, Inc. has a 12-month low of $62.31 and a 12-month high of $151.03. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.17 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 company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the firm posted $2.38 earnings per share. The company's revenue was down 8.8% compared to the same quarter last year. On average, research analysts anticipate that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company's core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.

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