Empowered Funds LLC Takes $3.35 Million Position in Builders FirstSource, Inc. $BLDR

Key Points

• Empowered Funds LLC acquired 37,453 shares of Builders FirstSource in the second quarter, worth approximately $3.35 million. Institutional investors and hedge funds collectively own 95.53% of the company.
• BLDR shares opened at $62.67, down 5.6%, near their 52-week low of $62.31. The company’s latest quarterly results missed estimates, with earnings per share of $1.17 versus the $1.25 consensus and revenue down 8.8% year over year.
• Analyst sentiment is mixed: nine analysts rate the stock a Buy, 13 recommend Hold, and three rate it Sell. The average rating is Hold, with an average price target of $90.35.

Empowered Funds LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 37,453 shares of the company's stock, valued at approximately $3,351,000.

A number of other institutional investors also recently bought and sold shares of BLDR. BlackRock Inc. acquired a new position in Builders FirstSource during the 2nd quarter valued at approximately $700,934,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Builders FirstSource by 99,084.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company's stock worth $230,634,000 after buying an additional 2,239,301 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource during the second quarter worth $134,908,000. Norges Bank purchased a new stake in shares of Builders FirstSource during the fourth quarter valued at $109,269,000. Finally, Bank of America Corp DE purchased a new stake in shares of Builders FirstSource during the second quarter valued at $83,832,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Trading Down 5.6%

NYSE BLDR opened at $62.67 on Wednesday. Builders FirstSource, Inc. has a 1 year low of $62.31 and a 1 year high of $151.03. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The company has a market capitalization of $6.74 billion, a PE ratio of 68.87, a P/E/G ratio of 2.16 and a beta of 1.41. The company has a fifty day moving average of $74.45 and a 200 day moving average of $81.61.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.Builders FirstSource's revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.38 earnings per share. Research analysts forecast that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

Analyst Ratings Changes

BLDR has been the subject of a number of research analyst reports. Oppenheimer reduced their target price on Builders FirstSource from $110.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, July 31st. Stifel Nicolaus dropped their price target on Builders FirstSource from $76.00 to $70.00 and set a "hold" rating on the stock in a research note on Thursday, July 23rd. DA Davidson set a $68.00 price objective on Builders FirstSource in a report on Friday, July 31st. UBS Group reduced their price objective on Builders FirstSource from $122.00 to $88.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Finally, KeyCorp dropped their target price on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $90.35.

Builders FirstSource Company 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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