71 West Capital Partners Makes New Investment in Builders FirstSource, Inc. $BLDR

Key Points

• 71 West Capital Partners acquired 25,519 Builders FirstSource shares in the third quarter, worth approximately $1.46 million. Institutional investors and hedge funds collectively own 95.53% of the company.
• Analyst sentiment is mixed: the consensus rating is Hold, with an average price target of $75.55; seven analysts rate the stock Buy, 16 Hold, and two Sell.
• Builders FirstSource beat quarterly earnings and revenue expectations, reporting EPS of $1.51 versus $1.06 forecast and revenue of $3.85 billion versus $3.75 billion. Revenue was down 2.2% year over year.

71 West Capital Partners acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,519 shares of the company's stock, valued at approximately $1,455,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Builders FirstSource during the second quarter worth about $700,934,000. M&G PLC bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $226,250,000. Beutel Goodman & Co Ltd. bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $108,298,000. Retirement Systems of Alabama increased its stake 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 acquiring an additional 1,622,824 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at approximately $134,908,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BLDR. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Robert W. Baird set a $75.00 price target on Builders FirstSource in a research report on Friday, July 31st. KeyCorp reduced their target price on shares of Builders FirstSource from $91.00 to $80.00 and set an "overweight" rating for the company in a research note on Friday, October 30th. Royal Bank Of Canada lowered their target price on Builders FirstSource from $62.00 to $56.00 and set a "sector perform" rating for the company in a report on Friday, October 30th. Finally, Barclays dropped their price target on Builders FirstSource from $81.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, October 30th. Seven research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $75.55.

Builders FirstSource Price Performance

Shares of BLDR opened at $65.88 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The stock has a market capitalization of $7.09 billion, a P/E ratio of 178.06, a P/E/G ratio of 1.93 and a beta of 1.41. The company has a 50 day moving average of $58.90 and a 200-day moving average of $78.91.

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

Builders FirstSource Profile

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