Pavion Blue Capital LLC Purchases New Stake in Builders FirstSource, Inc. $BLDR

Pavion Blue Capital LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 48,568 shares of the company’s stock, valued at approximately $2,769,000. Builders FirstSource accounts for about 1.1% of Pavion Blue Capital LLC’s investment portfolio, making the stock its 26th largest holding.

Other large investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Builders FirstSource in the 2nd quarter valued at approximately $700,934,000. M&G PLC purchased a new position in Builders FirstSource during the 3rd quarter worth approximately $226,250,000. Beutel Goodman & Co Ltd. purchased a new position in Builders FirstSource during the 3rd quarter worth approximately $108,298,000. Keybank National Association OH raised its stake in Builders FirstSource by 19,306.5% during the 3rd quarter. Keybank National Association OH now owns 1,791,411 shares of the company’s stock valued at $102,128,000 after purchasing an additional 1,782,180 shares during the period. Finally, Retirement Systems of Alabama raised its stake in Builders FirstSource by 7,181.9% during the 3rd quarter. Retirement Systems of Alabama now owns 1,645,420 shares of the company’s stock valued at $93,805,000 after purchasing an additional 1,622,824 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

BLDR opened at $62.23 on Thursday. The stock has a fifty day moving average price of $58.82 and a 200 day moving average price of $78.30. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 168.19, a PEG ratio of 1.67 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the firm posted $1.88 EPS. The business’s revenue was down 2.2% compared to the same quarter last year. Analysts forecast that Builders FirstSource, Inc. will post 3.85 EPS for the current fiscal year.

Analysts Set New Price Targets

BLDR has been the subject of a number of research analyst reports. Melius Research assumed coverage on Builders FirstSource in a report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 target price for the company. The Goldman Sachs Group reiterated a “buy” rating and set a $78.00 price target on shares of Builders FirstSource in a report on Friday, October 30th. Oppenheimer dropped their price target on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. Royal Bank Of Canada dropped their price target on Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating on the stock in a research report on Friday, October 30th. Finally, Citizens Jmp started coverage on Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating for the company. Seven research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.