Builders FirstSource, Inc. $BLDR Shares Newly Purchased by Private Management Group Inc.

Private Management Group Inc. bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,202 shares of the company’s stock, valued at approximately $639,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its stake in Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Builders FirstSource in the second quarter valued at approximately $42,000. Clark Wealth Partners acquired a new stake in shares of Builders FirstSource in the third quarter valued at approximately $27,000. PFS Partners LLC purchased a new position in shares of Builders FirstSource during the third quarter worth approximately $28,000. Finally, Continuum Advisory LLC purchased a new position in shares of Builders FirstSource during the second quarter worth approximately $48,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 4.6%

Shares of Builders FirstSource stock opened at $62.97 on Wednesday. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The company’s 50-day simple moving average is $58.83 and its 200-day simple moving average is $78.60. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 170.19, a price-to-earnings-growth ratio of 1.75 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.45. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.88 earnings per share. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 3.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of recent research reports. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. The Goldman Sachs Group reiterated a “buy” rating and set a $78.00 price target on shares of Builders FirstSource in a research note on Friday, October 30th. Melius Research initiated coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective on the stock. Stifel Nicolaus lifted their price objective on shares of Builders FirstSource from $55.00 to $58.00 and gave the company a “hold” rating in a research note on Monday, November 2nd. Finally, Loop Capital lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price objective on the stock. in a research note on Monday, October 26th. Seven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $75.55.

Builders FirstSource Profile

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.