Income Insurance Ltd Purchases New Shares in Builders FirstSource, Inc. $BLDR

Income Insurance Ltd acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,470 shares of the company’s stock, valued at approximately $540,000.

A number of other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in Builders FirstSource by 40,460.9% during the third quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company’s stock valued at $41,761,000 after purchasing an additional 730,723 shares in the last quarter. BlackRock Inc. bought a new position in Builders FirstSource during the second quarter valued at $700,934,000. Louisbourg Investments Inc. bought a new position in Builders FirstSource during the third quarter valued at $1,949,000. The Manufacturers Life Insurance Company bought a new position in Builders FirstSource during the second quarter valued at $7,317,000. Finally, First Citizens Bank & Trust Co. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth $3,218,000. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BLDR. Royal Bank Of Canada reduced their target price on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Melius Research started coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They set a “sell” rating and a $52.00 target price on the stock. Barclays lowered their price target on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, July 31st. DA Davidson set a $68.00 price target on shares of Builders FirstSource in a report on Friday, July 31st. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $80.00 price target on shares of Builders FirstSource in a research report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $82.25.

Builders FirstSource Trading Down 0.8%

BLDR stock opened at $53.51 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 58.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45. The firm’s fifty day simple moving average is $60.92 and its two-hundred day simple moving average is $72.06.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.38 EPS. As a group, analysts anticipate 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.