Shelton Wealth Management LLC Makes New $1.71 Million Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Shelton Wealth Management purchased 30,020 Builders FirstSource shares worth approximately $1.71 million in the third quarter. 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 $83.54 price target.
• Builders FirstSource shares rose 2.0% to $54.74, but the company recently missed quarterly earnings and revenue estimates, reporting $1.17 EPS and $3.86 billion in revenue, with revenue down 8.8% year over year.

Shelton Wealth Management LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 30,020 shares of the company's stock, valued at approximately $1,711,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Builders FirstSource in the second quarter valued at about $700,934,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Builders FirstSource during the second quarter valued at about $134,908,000. Bank of America Corp DE purchased a new stake in shares of Builders FirstSource during the second quarter valued at about $83,832,000. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $48,738,000. Finally, Jupiter Topco LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $73,935,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BLDR shares. Benchmark cut their price objective on shares of Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. UBS Group set a $85.00 price objective on shares of Builders FirstSource in a research note on Thursday, October 1st. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. Melius Research initiated coverage on shares of Builders FirstSource in a research note on Tuesday, October 6th. They issued a "sell" rating and a $52.00 target price for the company. Finally, BMO Capital Markets restated a "market perform" rating and issued a $80.00 target price on shares of Builders FirstSource in a research note on Thursday, August 6th. 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 company's stock. According to MarketBeat, Builders FirstSource presently has an average rating of "Hold" and a consensus target price of $83.54.

Builders FirstSource Stock Up 2.0%

NYSE BLDR traded up $1.06 during trading on Friday, hitting $54.74. The company's stock had a trading volume of 2,602,922 shares, compared to its average volume of 3,699,288. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The company has a market cap of $5.89 billion, a PE ratio of 60.15, a P/E/G ratio of 1.75 and a beta of 1.45. The business's 50 day simple moving average is $62.10 and its 200-day simple moving average is $72.68. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50.

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 business had revenue of $3.86 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the previous year, the firm posted $2.38 EPS. Builders FirstSource's revenue was down 8.8% on a year-over-year basis. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 3.13 EPS for the current fiscal year.

Builders FirstSource 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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