29,949 Builders FirstSource, Inc. $BLDR Shares Purchased by SBI Securities Co. Ltd.

Key Points

• SBI Securities increased its Builders FirstSource stake by 20,943.4% in the third quarter, purchasing 29,949 additional shares and ending with a position worth approximately $1.72 million. Institutional investors and hedge funds collectively own 95.53% of BLDR.
• Analyst sentiment is mixed: eight analysts rate BLDR a Buy, 14 a Hold and two a Sell. The stock has an overall “Hold” rating and an average price target of $82.25, including a $52 target from Melius Research and an $88 target from RBC.
• Builders FirstSource reported quarterly EPS of $1.17, below the $1.25 consensus estimate, while revenue fell 8.8% year over year to $3.86 billion. BLDR opened at $56.88, well below its 12-month high of $131.50.

SBI Securities Co. Ltd. boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 20,943.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 30,092 shares of the company's stock after buying an additional 29,949 shares during the period. SBI Securities Co. Ltd.'s holdings in Builders FirstSource were worth $1,716,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BLDR. Nisa Investment Advisors LLC boosted its position in Builders FirstSource by 40,460.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company's stock worth $41,761,000 after purchasing an additional 730,723 shares during the period. BlackRock Inc. acquired a new stake in Builders FirstSource in the 2nd quarter valued at $700,934,000. Louisbourg Investments Inc. acquired a new stake in Builders FirstSource in the 3rd quarter valued at $1,949,000. CWA Asset Management Group LLC purchased a new position in Builders FirstSource in the third quarter valued at about $829,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Builders FirstSource in the second quarter valued at about $7,317,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on BLDR shares. Citigroup restated a "market perform" rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Citizens Jmp began coverage on Builders FirstSource in a research note on Friday, August 21st. They issued a "market perform" rating for the company. Robert W. Baird set a $75.00 target price on Builders FirstSource in a research note on Friday, July 31st. Royal Bank Of Canada dropped their target price on Builders FirstSource from $107.00 to $88.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. Finally, Melius Research assumed coverage on Builders FirstSource in a research report on Tuesday, October 6th. They set a "sell" rating and a $52.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Builders FirstSource currently has an average rating of "Hold" and an average price target of $82.25.

Builders FirstSource Price Performance

BLDR opened at $56.88 on Friday. The company has a fifty day simple moving average of $60.29 and a 200 day simple moving average of $71.80. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 62.51, a PEG ratio of 1.91 and a beta of 1.45. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm had revenue of $3.86 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period last year, the firm earned $2.38 EPS. The business's quarterly revenue was down 8.8% on a year-over-year basis. Equities research analysts expect that Builders FirstSource, Inc. will post 3.07 EPS for the current fiscal year.

About Builders FirstSource

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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