Generali Investments Management Co LLC Acquires 21,554 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Generali Investments Management initiated a position in Builders FirstSource during the third quarter, purchasing 21,554 shares valued at approximately $1.23 million. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource reported quarterly EPS of $1.17, below the $1.25 consensus estimate, while revenue fell 8.8% year over year to $3.86 billion. Analysts expect full-year EPS of $3.13.
• BLDR shares opened at $54.74, well below their 50-day and 200-day moving averages. Analysts’ average rating is Hold, with an average price target of $83.54.

Generali Investments Management Co LLC 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 Form 13F filing with the Securities & Exchange Commission. The firm bought 21,554 shares of the company's stock, valued at approximately $1,229,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. lifted its stake in shares of Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock valued at $30,000 after purchasing an additional 300 shares during the period. Root Financial Partners LLC grew its stake in Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after purchasing an additional 113 shares during the period. Allworth Financial LP bought a new stake in Builders FirstSource in the second quarter worth approximately $42,000. Continuum Advisory LLC bought a new stake in Builders FirstSource in the second quarter worth approximately $48,000. Finally, Global Retirement Partners LLC acquired a new position in Builders FirstSource in the second quarter valued at approximately $49,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $54.74 on Monday. The stock's 50 day moving average is $62.10 and its 200-day moving average is $72.64. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. 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 $5.89 billion, a price-to-earnings ratio of 60.15, a PEG ratio of 1.79 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $3.91 billion. During the same period in the previous year, the company posted $2.38 earnings per share. The company's revenue for the quarter was down 8.8% on a year-over-year basis. Sell-side analysts forecast that Builders FirstSource, Inc. will post 3.13 EPS for the current fiscal year.

Analysts Set New Price Targets

BLDR has been the topic of a number of research analyst reports. Stifel Nicolaus set a $65.00 price target on Builders FirstSource in a report on Friday, September 18th. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. Truist Financial dropped their target price on shares of Builders FirstSource from $90.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, October 8th. Royal Bank Of Canada cut their target price 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, Robert W. Baird set a $75.00 price target on shares of Builders FirstSource in a report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $83.54.

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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