Evergreen Capital Management LLC Purchases 45,787 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Evergreen Capital Management increased its Builders FirstSource position by 831.9%, purchasing 45,787 additional shares and bringing its holdings to 51,291 shares valued at approximately $2.9 million.
• Institutional ownership remains high at 95.53%, with several other hedge funds either initiating or expanding positions during the third quarter.
• Analyst sentiment is mixed, with an overall “Hold” rating and a consensus price target of $79.35. Builders FirstSource recently missed earnings and revenue estimates, while shares opened at $56.14, near the lower end of their 12-month range.

Evergreen Capital Management LLC increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 831.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,291 shares of the company's stock after acquiring an additional 45,787 shares during the quarter. Evergreen Capital Management LLC's holdings in Builders FirstSource were worth $2,924,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Blodgett Wealth Advisors LLC acquired a new position in Builders FirstSource in the 3rd quarter worth approximately $162,000. Gibbs Wealth Management raised its stake in Builders FirstSource by 6.0% during the 3rd quarter. Gibbs Wealth Management now owns 33,899 shares of the company's stock valued at $1,933,000 after purchasing an additional 1,923 shares during the period. Murphy Pohlad Asset Management LLC acquired a new stake in Builders FirstSource during the 3rd quarter valued at $746,000. West Financial Advisors LLC acquired a new stake in Builders FirstSource during the 3rd quarter valued at $65,000. Finally, Winthrop Advisory Group LLC acquired a new stake in Builders FirstSource during the 3rd quarter valued at $154,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group set a $85.00 target price on Builders FirstSource in a report on Thursday, October 1st. Loop Capital downgraded Builders FirstSource from a "buy" rating to a "hold" rating and set a $62.00 price target on the stock. in a report on Monday. Barclays dropped their price target on Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. DA Davidson set a $68.00 price target on Builders FirstSource in a research report on Friday, July 31st. Finally, Stifel Nicolaus reduced their price objective on Builders FirstSource from $65.00 to $55.00 and set a "hold" rating for the company in a research note on Monday. Eight research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of "Hold" and a consensus target price of $79.35.

Builders FirstSource Price Performance

Shares of BLDR opened at $56.14 on Tuesday. 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 cap of $6.04 billion, a PE ratio of 61.69, a PEG ratio of 1.89 and a beta of 1.45. The firm's 50 day moving average price is $60.09 and its 200 day moving average price is $81.84. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted 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 business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the firm earned $2.38 earnings per share. The business's revenue was down 8.8% on a year-over-year basis. As a group, research analysts expect that Builders FirstSource, Inc. will post 3.07 EPS for the current fiscal year.

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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