Vest Financial LLC Makes New Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Vest Financial LLC acquired 736,750 shares of Builders FirstSource during the third quarter, valued at approximately $42 million and representing about 0.68% of the company. Institutional investors and hedge funds collectively own 95.53% of BLDR.
• Analysts maintain a mixed outlook: eight rate BLDR a Buy, fourteen a Hold and two a Sell, producing a consensus rating of Hold and an average price target of $82.25.
• Builders FirstSource reported quarterly EPS of $1.17, below the $1.25 consensus estimate, while revenue fell 8.8% year over year to $3.86 billion. Shares opened at $53.51, near the company’s 12-month low of $49.67 and well below its $131.50 high.

Vest Financial LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 736,750 shares of the company's stock, valued at approximately $42,002,000. Vest Financial LLC owned approximately 0.68% of Builders FirstSource at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Clark Wealth Partners purchased a new position in Builders FirstSource in the third quarter valued at $27,000. PFS Partners LLC acquired a new position in Builders FirstSource during the 3rd quarter worth $28,000. Sunbelt Securities Inc. grew its stake in 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 in the last quarter. Root Financial Partners LLC increased its holdings in Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after purchasing an additional 113 shares during the period. Finally, Sunrise Financial Services LLC purchased a new stake in Builders FirstSource during the 3rd quarter worth about $32,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of analyst reports. Oppenheimer reduced their price target on Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating on the stock in a research report on Friday, October 16th. Benchmark decreased their price objective on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. Stifel Nicolaus set a $65.00 price objective on Builders FirstSource in a research report on Friday, September 18th. KeyCorp lowered their price objective on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating for the company in a research report on Monday, July 13th. Finally, BMO Capital Markets restated a "market perform" rating and set a $80.00 target price on shares of Builders FirstSource in a research note on Thursday, August 6th. Eight research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $82.25.

Builders FirstSource Price Performance

Shares of BLDR opened at $53.51 on Thursday. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 58.80, a PEG ratio of 1.76 and a beta of 1.45. The firm's fifty day simple moving average is $60.92 and its 200-day simple moving average is $72.06. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.17 EPS 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 analyst estimates 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 for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.38 EPS. Equities analysts forecast that Builders FirstSource, Inc. will post 3.13 EPS for the current fiscal year.

Builders FirstSource 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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