Key Points
- Director Paul Levy bought 50,000 shares on March 13 at $87.73 each for $4.39M, raising his stake to 1,727,191 shares (about a 2.98% increase) valued near $151.5M.
- Builders FirstSource recently missed earnings, reporting $1.12 EPS versus a $1.30 consensus and revenue of $3.36B (down 12.1% year-over-year), with a net margin of 2.87%.
- BLDR trades around $87 with a market cap of $9.63B; analysts’ consensus is a Hold rating with a $126.65 target (10 Buys, 9 Holds, 4 Sells).
Builders FirstSource, Inc. (NYSE:BLDR - Get Free Report) Director Paul Levy purchased 50,000 shares of the company's stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the transaction, the director directly owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This represents a 2.98% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Builders FirstSource Stock Performance
BLDR stock opened at $87.05 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16. The business has a 50-day moving average price of $112.46 and a 200 day moving average price of $115.52. The company has a market capitalization of $9.63 billion, a P/E ratio of 22.44, a PEG ratio of 2.13 and a beta of 1.56. Builders FirstSource, Inc. has a 1-year low of $86.18 and a 1-year high of $151.03.
Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.18). The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm's revenue was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.31 earnings per share. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Builders FirstSource from $115.00 to $120.00 and gave the stock a "cautious" rating in a research note on Wednesday, February 11th. Robert W. Baird reduced their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a research report on Wednesday, February 18th. William Blair began coverage on shares of Builders FirstSource in a research note on Thursday, February 26th. They set an "outperform" rating for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Builders FirstSource from $117.00 to $102.00 and set a "hold" rating on the stock in a report on Monday, February 23rd. Finally, UBS Group lowered their price target on shares of Builders FirstSource from $166.00 to $143.00 and set a "buy" rating on the stock in a report on Tuesday, January 6th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $126.65.
Get Our Latest Report on Builders FirstSource
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Capital International Investors purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth about $429,640,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Builders FirstSource by 99,084.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company's stock valued at $230,634,000 after purchasing an additional 2,239,301 shares in the last quarter. Franklin Resources Inc. raised its holdings in Builders FirstSource by 2,498.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company's stock worth $224,861,000 after purchasing an additional 1,783,164 shares during the period. Sands Capital Management LLC raised its holdings in Builders FirstSource by 139.1% in the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company's stock worth $294,747,000 after purchasing an additional 1,414,129 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Builders FirstSource by 235.1% during the third quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company's stock worth $229,585,000 after purchasing an additional 1,328,363 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.
Builders FirstSource Company Profile
(
Get Free Report)
Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.
The company's core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
