Triangle Securities Wealth Management Acquires 28,879 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Triangle Securities Wealth Management initiated a position of 28,879 Builders FirstSource shares in the third quarter, worth approximately $1.65 million. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource reported weaker quarterly results, with earnings of $1.17 per share and revenue of $3.86 billion, missing analyst estimates; revenue declined 8.8% year over year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $84.50, while BLDR recently traded near its 12-month low at $50.46.

Triangle Securities Wealth Management bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,879 shares of the company's stock, valued at approximately $1,646,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. grew its stake in shares of Builders FirstSource by 508.5% during 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 increased its holdings in shares of Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company's stock valued at $31,000 after purchasing an additional 113 shares in the last quarter. Virginia Estate & Retirement Planning Advisors Inc. purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at about $34,000. Versant Capital Management Inc increased its holdings in shares of Builders FirstSource by 67.5% in the 3rd quarter. Versant Capital Management Inc now owns 670 shares of the company's stock valued at $38,000 after purchasing an additional 270 shares in the last quarter. Finally, Allworth Financial LP acquired a new stake in shares of Builders FirstSource in the second quarter valued at about $42,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of BLDR opened at $50.46 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The stock has a market cap of $5.43 billion, a P/E ratio of 55.45, a PEG ratio of 1.66 and a beta of 1.45. The company has a 50-day moving average of $62.87 and a two-hundred day moving average of $73.00. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued 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). 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 period last year, the business earned $2.38 earnings per share. The company's revenue for the quarter was down 8.8% on a year-over-year basis. As a group, research analysts predict that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Zacks Research raised shares of Builders FirstSource from a "strong sell" rating to a "hold" rating in a report on Friday, October 2nd. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. Wells Fargo & Company dropped 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. Benchmark reduced their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Finally, Citizens Jmp started coverage on Builders FirstSource in a research note on Friday, August 21st. They set a "market perform" rating on the stock. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $84.50.

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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