NorthCrest Asset Manangement LLC Acquires 141,922 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• NorthCrest Asset Management acquired 141,922 Builders FirstSource shares worth approximately $8.1 million, giving it a 0.13% stake. Institutional investors collectively own 95.53% of the company.
• Analyst sentiment is mixed, with nine Buy, thirteen Hold, and three Sell ratings; the consensus rating is Hold with an $84.50 price target.
• Builders FirstSource shares opened at $52.13, near their 12-month low of $51.93. Recent quarterly results missed estimates, with EPS of $1.17 versus $1.25 expected and revenue down 8.8% year over year.

NorthCrest Asset Manangement LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 141,922 shares of the company's stock, valued at approximately $8,091,000. NorthCrest Asset Manangement LLC owned 0.13% of Builders FirstSource as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its stake in Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock worth $30,000 after purchasing an additional 300 shares during the period. Root Financial Partners LLC grew its position in Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after purchasing an additional 113 shares in the last quarter. Versant Capital Management Inc grew its position in Builders FirstSource by 67.5% during the 3rd quarter. Versant Capital Management Inc now owns 670 shares of the company's stock worth $38,000 after purchasing an additional 270 shares in the last quarter. Allworth Financial LP acquired a new stake in Builders FirstSource during the 2nd quarter valued at $42,000. Finally, Continuum Advisory LLC acquired a new stake in Builders FirstSource during the 2nd quarter valued at $48,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price target on Builders FirstSource from $65.00 to $63.00 and set an "equal weight" rating on the stock in a report on Friday, September 11th. Stifel Nicolaus set a $65.00 price objective on Builders FirstSource in a research note on Friday, September 18th. BMO Capital Markets reissued a "market perform" rating and issued a $80.00 price objective on shares of Builders FirstSource in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a research report on Friday, July 31st. Finally, Barclays lowered their target price on Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Builders FirstSource has an average rating of "Hold" and a consensus price target of $84.50.

Builders FirstSource Trading Down 1.4%

Shares of NYSE:BLDR opened at $52.13 on Tuesday. The firm has a fifty day moving average of $63.86 and a two-hundred day moving average of $73.46. The firm has a market capitalization of $5.61 billion, a P/E ratio of 57.29, a price-to-earnings-growth ratio of 1.70 and a beta of 1.45. Builders FirstSource, Inc. has a 12-month low of $51.93 and a 12-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.

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 company had revenue of $3.86 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the prior year, the firm earned $2.38 earnings per share. The company's revenue was down 8.8% on a year-over-year basis. On average, equities analysts expect that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

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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