Sweeney & Michel LLC Acquires New Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• Sweeney & Michel LLC acquired 18,299 shares of Builders FirstSource during the third quarter, valued at approximately $1.04 million. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource recently reported weaker-than-expected quarterly results, with EPS of $1.17 versus a $1.25 consensus estimate and revenue down 8.8% year over year to $3.86 billion.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $83.54, substantially above the stock’s reported trading price of $54.74.

Sweeney & Michel LLC bought a new stake in 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 (SEC). The firm bought 18,299 shares of the company's stock, valued at approximately $1,043,000.

A number of other large investors also recently modified their holdings of BLDR. Vontobel Holding Ltd. purchased a new stake in Builders FirstSource in the 3rd quarter valued at $5,741,000. Selby Wealth Management LLC bought a new position in Builders FirstSource during the 3rd quarter valued at $394,000. Prairiewood Capital LLC bought a new position in Builders FirstSource during the 3rd quarter valued at $268,000. TD Waterhouse Canada Inc. purchased a new position in Builders FirstSource during the 3rd quarter worth $11,843,000. Finally, Peddock Capital Advisors LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter worth $217,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

NYSE BLDR traded up $1.06 during trading hours on Friday, reaching $54.74. 2,602,922 shares of the company were exchanged, compared to its average volume of 3,699,288. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The business's 50 day simple moving average is $62.10 and its 200-day simple moving average is $72.68. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $5.89 billion, a P/E ratio of 60.15, a P/E/G ratio of 1.75 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 the consensus estimate of $1.25 by ($0.08). The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business's revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.38 EPS. On average, equities research analysts expect that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on BLDR shares. DA Davidson set a $68.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. Weiss Ratings lowered shares of Builders FirstSource from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a report on Friday, July 31st. Zacks Research raised shares of Builders FirstSource from a "strong sell" rating to a "hold" rating in a research report on Friday, October 2nd. Finally, Barclays reduced their price objective on shares of Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $83.54.

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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