Foster Group Inc. Buys 51,556 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Foster Group bought 51,556 Builders FirstSource shares in the third quarter, valued at approximately $2.94 million. Institutional investors and hedge funds collectively own 95.53% of the company.
• Builders FirstSource reported quarterly revenue of $3.86 billion and EPS of $1.17, missing analyst expectations, while revenue declined 8.8% year over year.
• BLDR shares opened at $51.71, near their 52-week low of $51.24. Analysts have a consensus “Hold” rating and an average price target of $84.50.

Foster Group Inc. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 51,556 shares of the company's stock, valued at approximately $2,939,000.

Other large investors have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Builders FirstSource in the third quarter worth approximately $1,829,000. Krilogy Financial LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth $1,551,000. Walker Asset Management LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter worth $283,000. Affinity Capital Advisors LLC purchased a new stake in Builders FirstSource during the third quarter valued at about $216,000. Finally, Fluent Financial LLC acquired a new stake in Builders FirstSource during the third quarter worth about $1,315,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $51.71 on Wednesday. Builders FirstSource, Inc. has a 52 week low of $51.24 and a 52 week high of $131.50. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The company's 50-day moving average price is $63.38 and its two-hundred day moving average price is $73.22. The stock has a market cap of $5.56 billion, a PE ratio of 56.83, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45.

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 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 company had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the prior year, the business posted $2.38 EPS. The company's revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on BLDR. UBS Group set a $85.00 target price on shares of Builders FirstSource in a report on Thursday, October 1st. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Weiss Ratings lowered Builders FirstSource from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, July 21st. Royal Bank Of Canada reduced their price objective on shares of Builders FirstSource from $107.00 to $88.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price target on Builders FirstSource in a research note on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $84.50.

About Builders FirstSource

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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