Shayne & Jacobs LLC Buys 43,905 Shares of Builders FirstSource, Inc. $BLDR

Shayne & Jacobs LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, Holdings Channel.com reports. The firm purchased 43,905 shares of the company’s stock, valued at approximately $2,503,000. Builders FirstSource comprises 0.8% of Shayne & Jacobs LLC’s portfolio, making the stock its 28th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth $700,934,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Builders FirstSource in the second quarter valued at about $134,908,000. Bank of America Corp DE purchased a new position in Builders FirstSource in the second quarter valued at about $83,832,000. Fort Washington Investment Advisors Inc. OH purchased a new position in Builders FirstSource in the third quarter valued at about $48,738,000. Finally, Jupiter Topco LLC bought a new position in Builders FirstSource in the second quarter worth about $73,935,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLDR has been the subject of several analyst reports. William Blair lowered shares of Builders FirstSource to a “market perform” rating in a research report on Thursday. Barclays cut their price objective 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. Royal Bank Of Canada reduced their price objective on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Stifel Nicolaus set a $65.00 price objective on shares of Builders FirstSource in a research note on Friday, September 18th. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. Eight analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $82.25.

Builders FirstSource Price Performance

Shares of BLDR opened at $53.51 on Thursday. The firm has a market capitalization of $5.76 billion, a PE ratio of 58.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45. 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 1-year low of $49.67 and a 1-year high of $131.50. The company’s fifty day moving average price is $60.92 and its 200-day moving average price is $72.06.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (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 net margin of 0.71% and a return on equity of 11.73%. Builders FirstSource’s revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.38 earnings per share. On average, equities research analysts predict that Builders FirstSource, Inc. will post 3.13 EPS for the current 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.