Robeco Institutional Asset Management B.V. acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 146,219 shares of the company’s stock, valued at approximately $8,336,000. Robeco Institutional Asset Management B.V. owned approximately 0.14% of Builders FirstSource as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of BLDR. BlackRock Inc. acquired a new stake in shares of Builders FirstSource during the second quarter worth $700,934,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Builders FirstSource during the second quarter valued at $134,908,000. Bank of America Corp DE purchased a new stake in shares of Builders FirstSource during the second quarter valued at $83,832,000. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $48,738,000. Finally, Jupiter Topco LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $73,935,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the company. Benchmark dropped their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Oppenheimer reduced their price objective on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Truist Financial decreased their target price on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Melius Research started coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 target price on the stock. Finally, Barclays dropped their target price on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Eight analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and a consensus price target of $82.25.
Read Our Latest Stock Analysis on BLDR
Builders FirstSource Price Performance
BLDR opened at $56.88 on Friday. The stock has a fifty day moving average of $60.29 and a 200-day moving average of $71.80. The firm has a market capitalization of $6.12 billion, a P/E ratio of 62.51, a PEG ratio of 1.89 and a beta of 1.45. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14.
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). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business earned $2.38 EPS. The business’s quarterly revenue was down 8.8% on a year-over-year basis. Equities analysts forecast that Builders FirstSource, Inc. will post 3.07 EPS for the current fiscal year.
About Builders FirstSource
Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.
Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.
Read More
- Five stocks we like better than Builders FirstSource
- Bloom Energy Just Reported—Its Biggest Order Is Still Waiting on a Pipeline
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.
