680,366 Shares of Builders FirstSource, Inc. $BLDR Purchased by Mondrian Investment Partners LTD

Key Points

• Mondrian Investment Partners acquired 680,366 Builders FirstSource shares worth approximately $38.8 million, representing about 0.63% of the company. Institutional investors collectively own 95.53% of BLDR.
• Builders FirstSource shares opened at $56.88, down 1.1%, and remain well below their 52-week high of $131.50. The company recently missed quarterly earnings and revenue expectations, with revenue declining 8.8% year over year.
• Analyst sentiment is mixed, with eight Buy, fourteen Hold and two Sell ratings; the consensus rating is Hold, with an average price target of $82.25.

Mondrian Investment Partners 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 disclosure with the Securities & Exchange Commission. The institutional investor acquired 680,366 shares of the company's stock, valued at approximately $38,788,000. Mondrian Investment Partners LTD owned about 0.63% of Builders FirstSource as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in BLDR. BlackRock Inc. bought a new position in Builders FirstSource during the second quarter valued at about $700,934,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Builders FirstSource in the 2nd quarter valued at approximately $134,908,000. Bank of America Corp DE bought a new stake in shares of Builders FirstSource in the 2nd quarter worth approximately $83,832,000. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Builders FirstSource in the 3rd quarter worth approximately $48,738,000. Finally, Jupiter Topco LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter worth approximately $73,935,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Down 1.1%

NYSE BLDR opened at $56.88 on Friday. The stock's 50 day simple moving average is $60.29 and its 200 day simple moving average is $71.80. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The firm has a market cap of $6.12 billion, a PE ratio of 62.51, a price-to-earnings-growth ratio of 1.89 and a beta of 1.45. 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 (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company's revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.38 EPS. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 3.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BLDR shares. William Blair lowered Builders FirstSource from an "outperform" rating to a "market perform" rating in a report on Thursday. KeyCorp cut their target price on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating for the company in a research note on Monday, July 13th. Stifel Nicolaus set a $65.00 target price on Builders FirstSource in a research report on Friday, September 18th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Builders FirstSource in a research report on Monday, October 19th. Finally, Oppenheimer decreased their price target on shares of Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating on the stock in a research note on Friday, October 16th. Eight investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Builders FirstSource has an average rating of "Hold" and a consensus target price of $82.25.

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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