Builders FirstSource, Inc. $BLDR Stock Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 40,460.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 732,529 shares of the company’s stock after purchasing an additional 730,723 shares during the period. Nisa Investment Advisors LLC’s holdings in Builders FirstSource were worth $41,761,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Builders FirstSource in the 2nd quarter worth approximately $700,934,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Builders FirstSource during the 2nd quarter valued at $134,908,000. Bank of America Corp DE bought a new position in shares of Builders FirstSource during the 2nd quarter valued at $83,832,000. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Builders FirstSource during the 3rd quarter valued at $48,738,000. Finally, Jupiter Topco LLC purchased a new position in shares of Builders FirstSource in the 2nd quarter worth $73,935,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. KeyCorp cut their price objective on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Truist Financial lowered their target price on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Citizens Jmp assumed coverage on Builders FirstSource in a report on Friday, August 21st. They issued a “market perform” rating on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $80.00 target price on shares of Builders FirstSource in a research report on Thursday, August 6th. Finally, Citigroup restated a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $82.25.

Builders FirstSource Trading Up 1.7%

Builders FirstSource stock opened at $53.87 on Wednesday. The firm has a 50 day moving average of $61.29 and a 200 day moving average of $72.24. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 59.20, a P/E/G ratio of 1.73 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 current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR) 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 return on equity of 11.73% and a net margin of 0.71%. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the business posted $2.38 EPS. Builders FirstSource’s revenue was down 8.8% on a year-over-year basis. As a group, research analysts predict that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Builders FirstSource Profile

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.