Capital International Investors Acquires Shares of 3,543,420 Builders FirstSource, Inc. $BLDR

Capital International Investors acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,543,420 shares of the company’s stock, valued at approximately $429,640,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new position in shares of Builders FirstSource during the third quarter worth about $34,000. CYBER HORNET ETFs LLC acquired a new stake in Builders FirstSource in the second quarter valued at about $38,000. MUFG Securities EMEA plc acquired a new stake in Builders FirstSource in the second quarter valued at about $38,000. IMA Advisory Services Inc. boosted its holdings in Builders FirstSource by 40.9% in the 3rd quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock valued at $43,000 after purchasing an additional 103 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Builders FirstSource in the 3rd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of analyst reports. Stifel Nicolaus cut their target price on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Jefferies Financial Group decreased their price target on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. William Blair assumed coverage on Builders FirstSource in a report on Thursday, February 26th. They set an “outperform” rating on the stock. DA Davidson cut their price objective on Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, January 21st. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $127.81.

Builders FirstSource Price Performance

BLDR stock opened at $93.66 on Wednesday. The firm has a 50 day moving average of $113.78 and a 200-day moving average of $117.03. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 2.29 and a beta of 1.56. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. Builders FirstSource, Inc. has a 12-month low of $89.41 and a 12-month high of $151.03.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the company earned $2.31 EPS. The business’s revenue was down 12.1% on a year-over-year basis. As a group, equities analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.