Focus Financial Network Inc. Purchases New Stake in Builders FirstSource, Inc. $BLDR

Focus Financial Network Inc. 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 48,333 shares of the company’s stock, valued at approximately $2,755,000.

A number of other institutional investors have also recently added to or reduced their stakes in BLDR. BlackRock Inc. purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $700,934,000. The Manufacturers Life Insurance Company purchased a new stake in Builders FirstSource in the 2nd quarter valued at approximately $7,317,000. JB Capital Partners LP purchased a new position in Builders FirstSource during the second quarter worth $26,151,872. Lodge Hill Capital LLC lifted its position in shares of Builders FirstSource by 9.9% in the first quarter. Lodge Hill Capital LLC now owns 333,000 shares of the company’s stock valued at $27,416,000 after acquiring an additional 30,000 shares in the last quarter. Finally, GoodHaven Capital Management LLC boosted its stake in shares of Builders FirstSource by 23.4% during the second quarter. GoodHaven Capital Management LLC now owns 228,760 shares of the company’s stock valued at $20,469,000 after acquiring an additional 43,330 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of analyst reports. Benchmark decreased their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Oppenheimer reduced their target price on Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Truist Financial reduced their price objective on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Finally, Citigroup reiterated a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and a consensus target price of $84.50.

Read Our Latest Stock Report on Builders FirstSource

Builders FirstSource Trading Down 2.4%

BLDR opened at $50.46 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The firm’s fifty day moving average price is $62.87 and its 200 day moving average price is $73.00. The stock has a market capitalization of $5.43 billion, a PE ratio of 55.45, a P/E/G ratio of 1.66 and a beta of 1.45.

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 the consensus estimate of $1.25 by ($0.08). The firm had revenue of $3.86 billion during 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%. Builders FirstSource’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.38 EPS. As a group, research analysts expect that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

About Builders FirstSource

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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