35,448 Shares in Builders FirstSource, Inc. $BLDR Acquired by Corient Private Wealth LP

Corient Private Wealth LP acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 35,448 shares of the company’s stock, valued at approximately $3,172,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Integrated Wealth Concepts LLC raised its stake in shares of Builders FirstSource by 9.3% in the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after purchasing an additional 295 shares during the last quarter. Woodline Partners LP boosted its position in shares of Builders FirstSource by 40.7% during the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after buying an additional 2,812 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Builders FirstSource by 180.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock valued at $185,000 after buying an additional 1,017 shares during the last quarter. Baird Financial Group Inc. increased its holdings in Builders FirstSource by 230.7% in the 2nd quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock worth $2,210,000 after buying an additional 13,215 shares in the last quarter. Finally, Jump Financial LLC raised its position in Builders FirstSource by 144.1% in the 2nd quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock worth $843,000 after buying an additional 4,264 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. UBS Group lowered their target price on shares of Builders FirstSource from $122.00 to $88.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. KeyCorp lowered their price objective on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Benchmark cut their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. BMO Capital Markets reiterated a “market perform” rating and set a $80.00 target price on shares of Builders FirstSource in a research note on Thursday, August 6th. Finally, Weiss Ratings cut Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $90.35.

Builders FirstSource Stock Performance

BLDR opened at $62.67 on Wednesday. The company’s 50 day moving average is $74.45 and its 200 day moving average is $81.61. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 68.87, a PEG ratio of 2.16 and a beta of 1.41. Builders FirstSource, Inc. has a 12-month low of $62.31 and a 12-month high of $151.03.

Builders FirstSource (NYSE:BLDR) last announced 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). 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 analysts’ expectations of $3.91 billion. During the same period in the prior year, the company posted $2.38 earnings per share. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. On average, equities research analysts predict that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

About Builders FirstSource

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.