Beutel Goodman & Co Ltd. Makes New Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Beutel Goodman acquired 1,899,625 Builders FirstSource shares in the third quarter, valued at about $108.3 million and representing roughly 1.77% of the company.
• Analysts’ consensus rating is Hold, with a $75.55 average price target; 7 analysts rate the stock Buy, 16 Hold, and 2 Sell.
• Builders FirstSource reported quarterly EPS of $1.51, beating the $1.06 estimate, and revenue of $3.85 billion, above expectations; revenue was down 2.2% year over year.

Beutel Goodman & Co Ltd. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,899,625 shares of the company's stock, valued at approximately $108,298,000. Beutel Goodman & Co Ltd. owned approximately 1.77% of Builders FirstSource as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Clark Wealth Partners purchased a new position in shares of Builders FirstSource in the third quarter valued at $27,000. PFS Partners LLC acquired a new position in shares of Builders FirstSource during the 3rd quarter worth $28,000. Sunbelt Securities Inc. boosted its position in shares of Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock worth $30,000 after buying an additional 300 shares in the last quarter. Sunrise Financial Services LLC purchased a new stake in shares of Builders FirstSource in the 3rd quarter worth about $32,000. Finally, Barrett & Company Inc. purchased a new stake in shares of Builders FirstSource in the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Truist Financial increased their price objective on shares of Builders FirstSource from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, October 30th. BMO Capital Markets restated a "market perform" rating and set a $80.00 target price on shares of Builders FirstSource in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a report on Friday, July 31st. Wells Fargo & Company upped their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the company an "equal weight" rating in a report on Friday, October 30th. Finally, Royal Bank Of Canada lowered their price target on shares of Builders FirstSource from $62.00 to $56.00 and set a "sector perform" rating on the stock in a research report on Friday, October 30th. Seven investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $75.55.

Builders FirstSource Stock Performance

NYSE BLDR 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 stock has a market cap 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 business has a fifty day moving average of $58.90 and a 200-day moving average of $78.91. 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 (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.45. The business had revenue of $3.85 billion for 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 period in the prior year, the business earned $1.88 earnings per share. As a group, analysts predict that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Builders FirstSource Company Profile

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.