Marble Harbor Investment Counsel LLC Makes New $7.22 Million Investment in Builders FirstSource, Inc. $BLDR

Marble Harbor Investment Counsel LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, Holdings Channel.com reports. The fund acquired 126,604 shares of the company’s stock, valued at approximately $7,218,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC acquired a new position in Builders FirstSource in the 3rd quarter valued at about $2,329,000. Private Advisory Group LLC purchased a new stake in Builders FirstSource during the third quarter worth about $212,000. Kentucky Farm Bureau Mutual Insurance Co acquired a new stake in shares of Builders FirstSource during the third quarter worth about $1,233,000. Letko Brosseau & Associates Inc. acquired a new stake in shares of Builders FirstSource during the third quarter worth about $32,300,000. Finally, Ariadne Wealth Management LP acquired a new stake in shares of Builders FirstSource during the third quarter worth about $295,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on BLDR shares. Barclays lowered their price objective on shares of Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Benchmark reduced their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Loop Capital cut shares of Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price target for the company. in a research report on Monday, October 26th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $78.00 price target on shares of Builders FirstSource in a research note on Friday, October 30th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $75.55.

Builders FirstSource Price Performance

BLDR stock opened at $60.16 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. The firm has a market capitalization of $6.47 billion, a P/E ratio of 162.60, a P/E/G ratio of 1.66 and a beta of 1.41. The business’s 50-day moving average is $58.76 and its two-hundred day moving average is $78.00. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the business posted $1.88 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. Analysts anticipate that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

About Builders FirstSource

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.