Iams Wealth Management LLC Purchases 30,400 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Iams Wealth Management purchased 30,400 Builders FirstSource shares during the third quarter, valued at approximately $1.73 million. Institutional investors and hedge funds collectively own 95.53% of the company.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $84.50. Ratings range from “Sell” to “Buy,” with recent targets including $52 to $91.
• 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. The stock opened at $53.70, near its 52-week low of $49.67 and well below its $131.50 high.

Iams Wealth Management LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 30,400 shares of the company's stock, valued at approximately $1,733,000.

Several other hedge funds have also recently bought and sold shares of BLDR. BlackRock Inc. acquired a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $700,934,000. The Manufacturers Life Insurance Company bought a new position in Builders FirstSource in the 2nd quarter valued at $7,317,000. Lodge Hill Capital LLC boosted its stake in Builders FirstSource by 9.9% in the first quarter. Lodge Hill Capital LLC now owns 333,000 shares of the company's stock worth $27,416,000 after purchasing an additional 30,000 shares in the last quarter. JB Capital Partners LP acquired a new position in Builders FirstSource in the second quarter worth $26,151,872. Finally, GoodHaven Capital Management LLC grew its holdings in shares of Builders FirstSource by 23.4% during the second quarter. GoodHaven Capital Management LLC now owns 228,760 shares of the company's stock worth $20,469,000 after purchasing an additional 43,330 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BLDR. KeyCorp lowered their target price 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. Weiss Ratings cut Builders FirstSource from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, July 21st. Melius Research began coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They set a "sell" rating and a $52.00 price target on the stock. Stifel Nicolaus set a $65.00 price objective on shares of Builders FirstSource in a research report on Friday, September 18th. Finally, Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a research 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $84.50.

Builders FirstSource Stock Up 6.3%

NYSE:BLDR opened at $53.70 on Friday. The stock's fifty day moving average price is $62.50 and its two-hundred day moving average price is $72.81. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. 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 company has a market cap of $5.78 billion, a price-to-earnings ratio of 59.01, a P/E/G ratio of 1.62 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm's quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.38 earnings per share. On average, analysts anticipate that Builders FirstSource, Inc. will post 3.19 EPS for the current 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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