Fluent Financial LLC Buys 23,058 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Fluent Financial LLC initiated a position in Builders FirstSource by purchasing 23,058 shares valued at approximately $1.315 million during the third quarter.
• Analyst sentiment remains mixed: nine analysts rate BLDR a Buy, 13 a Hold and three a Sell, resulting in an overall Hold rating and an average price target of $84.50.
• BLDR shares fell 0.8% to $51.71, near their 12-month low, after the company reported quarterly EPS of $1.17 versus expectations of $1.25 and an 8.8% year-over-year revenue decline.

Fluent Financial LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 23,058 shares of the company's stock, valued at approximately $1,315,000.

Other hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC increased its holdings in shares of Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company's stock valued at $31,000 after purchasing an additional 113 shares during the period. Wedbush Securities Inc. increased its stake in shares of Builders FirstSource by 5.3% in the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company's stock valued at $262,000 after purchasing an additional 147 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Builders FirstSource by 5.9% in the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company's stock valued at $238,000 after buying an additional 162 shares in the last quarter. Altshuler Shaham Ltd increased its holdings in Builders FirstSource by 2.4% in the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company's stock worth $626,000 after acquiring an additional 180 shares in the last quarter. Finally, Mufg Securities Americas Inc. raised its position in shares of Builders FirstSource by 5.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company's stock worth $290,000 after purchasing an additional 180 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on BLDR shares. KeyCorp reduced their price objective on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating for the company in a research note on Monday, July 13th. UBS Group set a $85.00 price objective on Builders FirstSource in a report on Thursday, October 1st. Weiss Ratings cut shares of Builders FirstSource from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, July 21st. BMO Capital Markets restated a "market perform" rating and set a $80.00 price target on shares of Builders FirstSource in a research report on Thursday, August 6th. Finally, Wells Fargo & Company lowered their price objective on shares of Builders FirstSource from $65.00 to $63.00 and set an "equal weight" rating for the company in a research note on Friday, September 11th. 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.com, the stock currently has an average rating of "Hold" and an average price target of $84.50.

Builders FirstSource Stock Down 0.8%

Shares of BLDR stock traded down $0.43 during trading hours on Tuesday, reaching $51.71. 1,986,114 shares of the stock were exchanged, compared to its average volume of 2,525,040. The business's fifty day moving average is $63.86 and its two-hundred day moving average is $73.46. The firm has a market capitalization of $5.56 billion, a P/E ratio of 56.83, a P/E/G ratio of 1.70 and a beta of 1.45. Builders FirstSource, Inc. has a 12-month low of $51.24 and a 12-month high of $131.50. 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 issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (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 analysts' expectations of $3.91 billion. During the same quarter in the prior year, the firm earned $2.38 EPS. The firm's revenue was down 8.8% compared to the same quarter last year. As a group, research analysts expect that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

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.

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