Diversify Advisory Services LLC Buys New Position in Builders FirstSource, Inc. $BLDR

Key Points

• Diversify Advisory Services purchased 63,460 Builders FirstSource shares worth approximately $3.62 million, giving it a 0.06% stake. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource’s latest quarterly results fell short of expectations, with EPS of $1.17 versus a $1.25 consensus estimate and revenue down 8.8% year over year to $3.86 billion.
• Analyst sentiment is mixed: the stock has an overall “Hold” rating and an $82.25 consensus price target, while several firms recently lowered their targets. Shares opened at $57.49, near the lower end of their 12-month range.

Diversify Advisory Services LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 63,460 shares of the company's stock, valued at approximately $3,618,000. Diversify Advisory Services LLC owned 0.06% of Builders FirstSource as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Root Financial Partners LLC increased its position in Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after buying an additional 113 shares during the period. Wedbush Securities Inc. lifted its holdings in shares of Builders FirstSource by 5.3% during the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company's stock worth $262,000 after buying an additional 147 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of 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 during the last quarter. Altshuler Shaham Ltd boosted its position in shares of Builders FirstSource by 2.4% in the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company's stock valued at $626,000 after acquiring an additional 180 shares during the period. Finally, Mufg Securities Americas Inc. boosted its position in shares of Builders FirstSource by 5.9% in the second quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company's stock valued at $290,000 after acquiring an additional 180 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Trading Up 7.4%

Shares of BLDR opened at $57.49 on Friday. The stock's 50-day moving average price is $60.60 and its 200 day moving average price is $71.91. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 63.18, a P/E/G ratio of 1.76 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.

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). 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 the consensus estimate of $3.91 billion. During the same quarter in the prior year, the business posted $2.38 EPS. Builders FirstSource's revenue was down 8.8% compared to the same quarter last year. As a group, research analysts predict that Builders FirstSource, Inc. will post 3.10 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BLDR shares. KeyCorp lowered their price objective on shares of Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating on the stock in a research note on Monday, July 13th. Zacks Research raised shares of Builders FirstSource from a "strong sell" rating to a "hold" rating in a research report on Friday, October 2nd. Truist Financial cut their target price on shares of Builders FirstSource from $90.00 to $70.00 and set a "buy" rating for the company in a research note on Thursday, October 8th. Barclays reduced their price target on shares of Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Finally, Citigroup restated a "market perform" rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Eight analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $82.25.

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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