43,905 Shares of Builders FirstSource, Inc. $BLDR Purchased by Shayne & Jacobs LLC

Key Points

• Shayne & Jacobs LLC purchased 43,905 Builders FirstSource shares worth approximately $2.5 million in the third quarter. Institutional investors collectively own 95.53% of the company.
• Analyst sentiment is mixed, with eight Buy, fourteen Hold and two Sell ratings; the stock has an overall “Hold” consensus and an average price target of $82.25.
• Builders FirstSource shares opened at $53.51, near their one-year low, while the company’s latest quarterly results missed expectations: EPS was $1.17 versus $1.25 expected, and revenue fell 8.8% year over year to $3.86 billion.

Shayne & Jacobs LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 43,905 shares of the company's stock, valued at approximately $2,503,000. Builders FirstSource accounts for 0.8% of Shayne & Jacobs LLC's holdings, making the stock its 28th largest holding.

Other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in shares of Builders FirstSource by 40,460.9% during the third 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 last quarter. BlackRock Inc. bought a new position in shares of Builders FirstSource in the second quarter worth about $700,934,000. Louisbourg Investments Inc. bought a new position in shares of Builders FirstSource in the third quarter worth about $1,949,000. The Manufacturers Life Insurance Company bought a new position in shares of Builders FirstSource in the second quarter worth about $7,317,000. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Builders FirstSource in the third quarter worth about $3,218,000. Institutional investors own 95.53% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on BLDR shares. Zacks Research raised shares of Builders FirstSource from a "strong sell" rating to a "hold" rating in a research note on Friday, October 2nd. Barclays lowered their price objective on shares of Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Melius Research initiated coverage on shares of Builders FirstSource in a research note on Tuesday, October 6th. They issued a "sell" rating and a $52.00 target price on the stock. UBS Group set a $85.00 target price on shares of Builders FirstSource in a research note on Thursday, October 1st. Finally, Stifel Nicolaus set a $65.00 target price on shares of Builders FirstSource in a research report on Friday, September 18th. Eight equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of "Hold" and an average price target of $82.25.

Builders FirstSource Stock Down 0.8%

Shares of Builders FirstSource stock opened at $53.51 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The firm's 50-day moving average is $60.92 and its two-hundred day moving average is $72.06. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 58.80, a PEG ratio of 1.76 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period last year, the business posted $2.38 EPS. The company's revenue for the quarter was down 8.8% on a year-over-year basis. As a group, research analysts expect that Builders FirstSource, Inc. will post 3.13 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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