Western Financial Corp CA Buys 88,892 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Western Financial Corp CA acquired 88,892 shares of Builders FirstSource worth approximately $5.07 million, making BLDR its 11th-largest portfolio holding and representing 0.08% of the company.
• Builders FirstSource shares fell 2.4% to $50.46, near their 52-week low of $49.67. The stock has declined amid weaker quarterly results, including an 8.8% year-over-year revenue drop and EPS below analyst expectations.
• Analysts maintain a mixed outlook, with an overall “Hold” rating and an average price target of $84.50; institutional investors collectively own 95.53% of BLDR.

Western Financial Corp CA acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 88,892 shares of the company's stock, valued at approximately $5,068,000. Builders FirstSource accounts for approximately 1.7% of Western Financial Corp CA's investment portfolio, making the stock its 11th biggest position. Western Financial Corp CA owned 0.08% of Builders FirstSource as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BLDR. Root Financial Partners LLC increased its position in shares of Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after acquiring an additional 113 shares during the period. Wedbush Securities Inc. boosted its holdings in shares of Builders FirstSource by 5.3% in the second 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 period. Private Advisor Group LLC boosted its holdings in shares of Builders FirstSource by 5.9% in the first 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 during the period. Altshuler Shaham Ltd boosted its holdings in shares of Builders FirstSource by 2.4% in the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company's stock valued at $626,000 after purchasing an additional 180 shares during the period. Finally, Mufg Securities Americas Inc. grew its stake in Builders FirstSource by 5.9% in the second quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company's stock worth $290,000 after purchasing an additional 180 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Down 2.4%

Shares of NYSE:BLDR traded down $1.25 during trading hours on Wednesday, hitting $50.46. The company's stock had a trading volume of 3,249,437 shares, compared to its average volume of 2,528,719. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 55.45, a P/E/G ratio of 1.67 and a beta of 1.45. The firm's fifty day moving average price is $63.38 and its 200 day moving average price is $73.22.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the business posted $2.38 earnings per share. Builders FirstSource's revenue for the quarter was down 8.8% on a year-over-year basis. As a group, research analysts expect that Builders FirstSource, Inc. will post 3.19 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BLDR shares. Citigroup restated a "market perform" rating on shares of Builders FirstSource in a report on Thursday, October 8th. Stifel Nicolaus set a $65.00 target price on Builders FirstSource in a research report on Friday, September 18th. Robert W. Baird set a $75.00 target price on Builders FirstSource in a report on Friday, July 31st. KeyCorp dropped their price target on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. Finally, Barclays dropped their price target on Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of "Hold" and an average price target of $84.50.

Builders FirstSource Company 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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