West Branch Capital LLC Buys 19,562 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• West Branch Capital acquired 19,562 Builders FirstSource shares worth approximately $1.115 million in the third quarter. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource shares opened at $53.87, near the bottom of their 52-week range of $49.67 to $131.50. The stock has a market capitalization of $5.80 billion and a price-to-earnings ratio of 59.20.
• The company reported quarterly EPS of $1.17, below the $1.25 consensus estimate, while revenue fell 8.8% year over year to $3.86 billion. Analysts maintain a consensus rating of Hold with an average price target of $82.25.

West Branch Capital LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 19,562 shares of the company's stock, valued at approximately $1,115,000.

Several other large investors have also recently modified their holdings of the stock. Root Financial Partners LLC boosted its stake in Builders FirstSource by 43.6% in 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 in the last quarter. Wedbush Securities Inc. grew its position in Builders FirstSource by 5.3% during the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company's stock valued at $262,000 after purchasing an additional 147 shares during the last quarter. Private Advisor Group LLC increased its stake in Builders FirstSource by 5.9% during the 1st quarter. Private Advisor Group LLC now owns 2,890 shares of the company's stock valued at $238,000 after purchasing an additional 162 shares in the last quarter. Altshuler Shaham Ltd increased its stake in Builders FirstSource by 2.4% during the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company's stock valued at $626,000 after purchasing an additional 180 shares in the last quarter. Finally, Mufg Securities Americas Inc. increased its stake in Builders FirstSource by 5.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company's stock valued at $290,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $53.87 on Wednesday. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The business has a 50-day simple moving average of $61.29 and a two-hundred day simple moving average of $72.24. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 59.20, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). The company 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%. Builders FirstSource's revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.38 EPS. On average, analysts expect that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Analysts Set New Price Targets

BLDR has been the topic of several analyst reports. Barclays dropped their target price on shares of Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. KeyCorp reduced their price target on shares of Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating for the company in a research report on Monday, July 13th. Robert W. Baird set a $75.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Truist Financial decreased their price objective on shares of Builders FirstSource from $90.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, October 8th. Finally, Benchmark lowered their price objective on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $82.25.

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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