1,413,000 Shares of Builders FirstSource, Inc. $BLDR Bought by Daily Journal Corp

Key Points

• Daily Journal Corp. acquired 1.413 million Builders FirstSource shares in the third quarter, worth about $80.6 million. The position represents 1.31% of BLDR and 37.1% of Daily Journal’s portfolio, making it the firm’s second-largest holding.
• Builders FirstSource reported quarterly earnings of $1.51 per share, beating estimates of $1.06, and revenue of $3.85 billion, above forecasts. Revenue was down 2.2% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $75.55; seven rate the stock Buy, 16 Hold, and two Sell.

Daily Journal Corp bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,413,000 shares of the company's stock, valued at approximately $80,555,000. Builders FirstSource makes up 37.1% of Daily Journal Corp's holdings, making the stock its 2nd biggest holding. Daily Journal Corp owned 1.31% of Builders FirstSource at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDR. Sunbelt Securities Inc. raised its holdings in Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after acquiring an additional 113 shares during the period. Allworth Financial LP bought a new stake in shares of Builders FirstSource in the 2nd quarter worth approximately $42,000. Clark Wealth Partners acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $27,000. Finally, PFS Partners LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $28,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Down 5.9%

Shares of BLDR opened at $65.41 on Friday. 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 has a 50-day moving average price of $59.03 and a two-hundred day moving average price of $79.51. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 176.79, a P/E/G ratio of 1.93 and a beta of 1.41. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, beating 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 company posted $1.88 EPS. The company's revenue was down 2.2% compared to the same quarter last year. Equities analysts predict that Builders FirstSource, Inc. will post 3.68 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BLDR. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a research report on Friday, July 31st. Melius Research assumed coverage on Builders FirstSource in a research report on Tuesday, October 6th. They issued a "sell" rating and a $52.00 target price for the company. Weiss Ratings reiterated a "sell (d)" rating on shares of Builders FirstSource in a research note on Monday, October 19th. Benchmark lowered their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Finally, Citizens Jmp assumed coverage on shares of 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 issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $75.55.

Builders FirstSource Company 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.

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