1,514,837 Shares in Builders FirstSource, Inc. $BLDR Bought by Equity Investment Corp

Key Points

• Equity Investment Corp opened a major position in Builders FirstSource, buying 1,514,837 shares valued at about $86.4 million, or roughly 1.41% of the company.
• Builders FirstSource reported quarterly EPS of $1.51, beating the $1.06 analyst consensus, and revenue of $3.85 billion versus estimates of $3.75 billion. Revenue nevertheless declined 2.2% year over year.
• Analysts’ consensus rating was Hold, with an average price target of $75.55; the stock was reported down 4.6% in trading.

Equity Investment Corp bought a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,514,837 shares of the company's stock, valued at approximately $86,361,000. Equity Investment Corp owned approximately 1.41% of Builders FirstSource at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wedbush Securities Inc. raised its stake in shares of Builders FirstSource by 5.3% during the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company's stock worth $262,000 after acquiring an additional 147 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Builders FirstSource by 5.9% in the 1st quarter. Private Advisor Group LLC now owns 2,890 shares of the company's stock worth $238,000 after acquiring an additional 162 shares during the last quarter. Altshuler Shaham Ltd lifted its holdings in shares of Builders FirstSource by 2.4% in the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company's stock worth $626,000 after acquiring an additional 180 shares during the last quarter. Mufg Securities Americas Inc. boosted its stake in shares of Builders FirstSource by 5.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company's stock valued at $290,000 after purchasing an additional 180 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Builders FirstSource by 2.8% in the 3rd quarter. Park Avenue Securities LLC now owns 7,375 shares of the company's stock valued at $420,000 after purchasing an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Down 4.6%

NYSE:BLDR opened at $62.97 on Wednesday. The company has a fifty day moving average of $58.83 and a 200 day moving average of $78.60. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. 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 firm has a market capitalization of $6.78 billion, a P/E ratio of 170.19, a P/E/G ratio of 1.75 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.45. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The company's revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 EPS. On average, research analysts predict that Builders FirstSource, Inc. will post 3.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on BLDR. Weiss Ratings reiterated a "sell (d)" rating on shares of Builders FirstSource in a research report on Monday, October 19th. Loop Capital cut Builders FirstSource from a "buy" rating to a "hold" rating and set a $62.00 price objective on the stock. in a research note on Monday, October 26th. Wells Fargo & Company lifted their price objective on Builders FirstSource from $55.00 to $58.00 and gave the stock an "equal weight" rating in a report on Friday, October 30th. Citigroup reissued a "market perform" rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Finally, Barclays dropped their target price on Builders FirstSource from $81.00 to $70.00 and set an "overweight" rating for the company in a report on Friday, October 30th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.

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