Frank Rimerman Advisors LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 31,464 shares of the company’s stock, valued at approximately $1,794,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new position in Builders FirstSource during the 2nd quarter valued at about $700,934,000. The Manufacturers Life Insurance Company bought a new stake in Builders FirstSource during the second quarter valued at $7,317,000. Lodge Hill Capital LLC grew its position in Builders FirstSource by 9.9% during the first quarter. Lodge Hill Capital LLC now owns 333,000 shares of the company’s stock worth $27,416,000 after buying an additional 30,000 shares in the last quarter. JB Capital Partners LP purchased a new position in Builders FirstSource during the second quarter worth about $26,151,872. Finally, GoodHaven Capital Management LLC grew its position in Builders FirstSource by 23.4% during the second quarter. GoodHaven Capital Management LLC now owns 228,760 shares of the company’s stock worth $20,469,000 after buying an additional 43,330 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.
Builders FirstSource Stock Performance
NYSE BLDR opened at $54.74 on Friday. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The company has a fifty day moving average of $62.10 and a 200-day moving average of $72.68. The company has a market capitalization of $5.89 billion, a P/E ratio of 60.15, a P/E/G ratio of 1.79 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79.
Builders FirstSource (NYSE:BLDR – Get Free Report) last released 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 firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the company earned $2.38 EPS. The firm’s revenue was down 8.8% compared to the same quarter last year. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 3.13 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on BLDR. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. DA Davidson set a $68.00 price target on Builders FirstSource in a research report on Friday, July 31st. Melius Research began coverage on Builders FirstSource in a report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective for the company. BMO Capital Markets restated a “market perform” rating and issued a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $83.54.
Read Our Latest Stock Analysis on BLDR
Builders FirstSource 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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