Insight Advisors LLC PA Makes New Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Insight Advisors LLC PA purchased 24,002 shares of Builders FirstSource worth approximately $1.37 million during the third quarter. Institutional investors collectively own 95.53% of the company.
• Analyst sentiment is mixed, with eight Buy, fourteen Hold and two Sell ratings; the stock has an average rating of Hold and a consensus price target of $82.25.
• Builders FirstSource’s latest quarterly results fell short of expectations, reporting $1.17 in earnings per share versus the $1.25 consensus and revenue of $3.86 billion, down 8.8% year over year.

Insight Advisors LLC PA bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 24,002 shares of the company's stock, valued at approximately $1,368,000.

Several other hedge funds have also modified their holdings of the stock. Nisa Investment Advisors LLC boosted its stake in Builders FirstSource by 40,460.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company's stock valued at $41,761,000 after acquiring an additional 730,723 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Builders FirstSource in the 2nd quarter worth about $700,934,000. Louisbourg Investments Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter worth about $1,949,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $7,317,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $3,218,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLDR has been the topic of several research analyst reports. Citigroup reaffirmed a "market perform" rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Zacks Research upgraded Builders FirstSource from a "strong sell" rating to a "hold" rating in a research note on Friday, October 2nd. Melius Research assumed coverage on Builders FirstSource in a research note on Tuesday, October 6th. They set a "sell" rating and a $52.00 price objective on the stock. Robert W. Baird set a $75.00 target price on Builders FirstSource in a report on Friday, July 31st. Finally, Benchmark decreased their target price on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $82.25.

Builders FirstSource Trading Up 7.4%

Builders FirstSource stock opened at $57.49 on Friday. The firm's 50-day moving average is $60.60 and its 200-day moving average is $71.91. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The company has a market cap of $6.19 billion, a P/E ratio of 63.18, a PEG ratio of 1.76 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly 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 net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm posted $2.38 earnings per share. The company's quarterly revenue was down 8.8% on a year-over-year basis. On average, equities analysts expect that Builders FirstSource, Inc. will post 3.10 earnings per share for the current year.

About Builders FirstSource

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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