70,773 Shares in Builders FirstSource, Inc. $BLDR Bought by DMKC Advisory Services LLC

Key Points

• DMKC Advisory Services opened a position of 70,773 Builders FirstSource shares in the third quarter, valued at about $4.0 million, or 0.07% of the company.
• Institutional investors own 95.53% of the stock; several major investors also initiated or increased positions recently.
• Builders FirstSource beat quarterly EPS and revenue estimates, though revenue fell 2.2% year over year. Analysts’ consensus rating is Hold, with an average price target of $75.55.

DMKC Advisory Services LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 70,773 shares of the company's stock, valued at approximately $4,035,000. DMKC Advisory Services LLC owned 0.07% of Builders FirstSource at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth $700,934,000. M&G PLC purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at about $226,250,000. Beutel Goodman & Co Ltd. purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at about $108,298,000. Retirement Systems of Alabama increased its holdings in shares of Builders FirstSource by 7,181.9% in the 3rd quarter. Retirement Systems of Alabama now owns 1,645,420 shares of the company's stock valued at $93,805,000 after purchasing an additional 1,622,824 shares in the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at about $134,908,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Up 5.3%

Builders FirstSource stock opened at $65.88 on Tuesday. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 178.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. The stock's fifty day moving average is $58.90 and its two-hundred day moving average is $78.91. 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 (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.45. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The business's revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.88 EPS. Analysts predict that Builders FirstSource, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

BLDR has been the topic of a number of research analyst reports. Royal Bank Of Canada decreased their price objective on shares of Builders FirstSource from $62.00 to $56.00 and set a "sector perform" rating on the stock in a report on Friday, October 30th. William Blair lowered shares of Builders FirstSource from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 22nd. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Builders FirstSource in a report on Monday, October 19th. Melius Research initiated coverage on shares of Builders FirstSource in a report on Tuesday, October 6th. They issued a "sell" rating and a $52.00 target price for the company. Finally, Benchmark reduced their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Seven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Builders FirstSource has an average rating of "Hold" and a consensus target price of $75.55.

Builders FirstSource Company Profile

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