Signal Advisors Wealth LLC Makes New Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Signal Advisors Wealth LLC acquired 54,516 Builders FirstSource shares worth approximately $3.1 million during the third quarter, joining several other institutions that initiated positions. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource reported quarterly earnings of $1.17 per share, below the $1.25 consensus estimate, while revenue of $3.86 billion also missed expectations and declined 8.8% year over year.
• Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and an average price target of $84.50. Shares opened at $50.46, near their 52-week low of $49.67.

Signal Advisors Wealth LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 54,516 shares of the company's stock, valued at approximately $3,108,000. Signal Advisors Wealth LLC owned approximately 0.05% of Builders FirstSource at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 4WEALTH Advisors Inc. bought a new position in shares of Builders FirstSource in the 3rd quarter worth about $179,000. BigSur Wealth Management LLC purchased a new position in Builders FirstSource during the 3rd quarter valued at about $388,000. Foster Group Inc. bought a new stake in Builders FirstSource during the third quarter worth about $2,939,000. B. Riley Wealth Advisors Inc. bought a new stake in Builders FirstSource during the third quarter worth about $1,829,000. Finally, Krilogy Financial LLC bought a new stake in Builders FirstSource during the third quarter worth about $1,551,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $50.46 on Thursday. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The company's 50-day moving average is $62.87 and its 200 day moving average is $73.00. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 55.45, a price-to-earnings-growth ratio of 1.66 and a beta of 1.45. 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 (NYSE:BLDR - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $3.86 billion for 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 revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.38 earnings per share. Sell-side analysts expect that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BLDR shares. Zacks Research upgraded shares of Builders FirstSource from a "strong sell" rating to a "hold" rating in a report on Friday, October 2nd. Wells Fargo & Company lowered their target price on shares of Builders FirstSource from $65.00 to $63.00 and set an "equal weight" rating for the company in a report on Friday, September 11th. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. Melius Research assumed coverage on Builders FirstSource in a research report on Tuesday, October 6th. They issued a "sell" rating and a $52.00 price target on the stock. Finally, Barclays dropped their price target on Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $84.50.

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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