Valtinson Bruner Financial Planning LLC Makes New $1 Million Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Valtinson Bruner Financial Planning initiated a Builders FirstSource position in the third quarter, purchasing 17,604 shares worth about $1.0 million. Institutional investors and hedge funds collectively own 95.53% of the stock.
• Builders FirstSource reported quarterly EPS of $1.51, beating the $1.06 consensus, and revenue of $3.85 billion, above forecasts but down 2.2% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $75.55; shares opened at $65.41 in the reported session.

Valtinson Bruner Financial Planning LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 17,604 shares of the company's stock, valued at approximately $1,004,000.

A number of other large investors also recently made changes to their positions in BLDR. BlackRock Inc. bought a new position in shares of Builders FirstSource in the 2nd quarter worth $700,934,000. Dimensional Fund Advisors LP grew its stake in shares of Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock worth $244,301,000 after purchasing an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource during the second quarter worth $134,908,000. Bank of America Corp DE bought a new stake in Builders FirstSource in the second quarter valued at about $83,832,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in Builders FirstSource in the third quarter valued at about $48,738,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $65.41 on Friday. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 176.79, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The firm has a fifty day moving average of $59.03 and a 200-day moving average of $79.51.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.45. The business had revenue of $3.85 billion during the quarter, compared to analysts' expectations of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The firm's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 EPS. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 3.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. William Blair lowered Builders FirstSource from an "outperform" rating to a "market perform" rating in a research note on Thursday, October 22nd. Melius Research initiated coverage on Builders FirstSource in a research report on Tuesday, October 6th. They set a "sell" rating and a $52.00 target price for the company. Wells Fargo & Company upped their price target on Builders FirstSource from $55.00 to $58.00 and gave the company an "equal weight" rating in a research note on Friday, October 30th. Oppenheimer lowered their price target on Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating for the company in a research note on Friday, October 16th. Finally, Robert W. Baird set a $75.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $75.55.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.

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