Builders FirstSource, Inc. $BLDR Shares Newly Bought by Rayburn West Financial Services LLC

Rayburn West Financial Services LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel reports. The institutional investor acquired 19,450 shares of the company’s stock, valued at approximately $1,109,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Builders FirstSource during the second quarter valued at approximately $700,934,000. Pictet Asset Management Holding SA boosted its position in shares of Builders FirstSource by 16.1% in the third quarter. Pictet Asset Management Holding SA now owns 4,414,163 shares of the company’s stock worth $251,651,000 after purchasing an additional 613,087 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after purchasing an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Builders FirstSource in the second quarter worth $134,908,000. Finally, Daily Journal Corp purchased a new stake in shares of Builders FirstSource in the third quarter worth $80,555,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Down 4.7%

BLDR opened at $62.42 on Friday. The firm has a 50-day simple moving average of $58.94 and a two-hundred day simple moving average of $79.21. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. The company has a market capitalization of $6.72 billion, a PE ratio of 168.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13.

Builders FirstSource (NYSE:BLDR) last issued its 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 for the quarter, compared to analysts’ expectations of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.88 earnings per share. Analysts forecast that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BLDR has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday, October 19th. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. Citizens Jmp initiated coverage on Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating for the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $78.00 price target on shares of Builders FirstSource in a research note on Friday, October 30th. Finally, Citigroup reissued a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Seven analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Hold” and an average price target of $75.55.

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.