21,747 Shares of Builders FirstSource, Inc. $BLDR Acquired by Alta Advisers Ltd

Key Points

• Alta Advisers acquired 21,747 Builders FirstSource shares in the third quarter, valued at about $1.24 million; institutional investors collectively own 95.53% of the company.
• Analyst views lean neutral: seven analysts rate BLDR a Buy, 16 a Hold and two a Sell, with a consensus price target of $75.55.
• Builders FirstSource beat quarterly earnings and revenue estimates, reporting EPS of $1.51 and revenue of $3.85 billion, although revenue fell 2.2% year over year.

Alta Advisers Ltd acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,747 shares of the company's stock, valued at approximately $1,240,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Builders FirstSource during the second quarter worth approximately $700,934,000. Dimensional Fund Advisors LP lifted its holdings in shares of Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock worth $244,301,000 after buying an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Builders FirstSource in the 2nd quarter worth $134,908,000. Bank of America Corp DE bought a new position in shares of Builders FirstSource during the 2nd quarter worth $83,832,000. Finally, Jupiter Topco LLC bought a new position in shares of Builders FirstSource during the 2nd quarter worth $73,935,000. Institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Citigroup restated a "market perform" rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Benchmark lowered their price objective on shares of Builders FirstSource from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. William Blair cut shares of Builders FirstSource from an "outperform" rating to a "market perform" rating in a report on Thursday, October 22nd. Zacks Research upgraded shares of Builders FirstSource from a "strong sell" rating to a "hold" rating in a report on Friday, October 2nd. Finally, Loop Capital downgraded shares of Builders FirstSource from a "buy" rating to a "hold" rating and set a $62.00 target price on the stock. in a research report on Monday, October 26th. Seven investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $75.55.

Builders FirstSource Stock Down 5.9%

NYSE:BLDR opened at $65.41 on Friday. The company's 50-day simple moving average is $59.03 and its 200-day simple moving average is $79.51. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The stock has a market capitalization of $7.04 billion, a P/E ratio of 17.08, a P/E/G ratio of 1.93 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the business posted $1.88 EPS. Builders FirstSource's revenue was down 2.2% on a year-over-year basis. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

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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