Builders FirstSource, Inc. $BLDR Shares Newly Acquired by Cullinan Associates Inc.

Key Points

• Cullinan Associates acquired 65,449 Builders FirstSource shares in the third quarter, worth about $3.73 million and representing 0.06% of the company.
• Institutional ownership stands at 95.53%, with other investors including Pictet and Dimensional increasing their holdings. Analysts’ consensus rating is Hold, with a $75.55 average price target.
• Builders FirstSource beat quarterly earnings and revenue estimates, reporting $1.51 per share and $3.85 billion in revenue; revenue was down 2.2% year over year. The stock was reported down 4.7%.

Cullinan Associates Inc. purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 65,449 shares of the company's stock, valued at approximately $3,731,000. Cullinan Associates Inc. owned 0.06% of Builders FirstSource at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Builders FirstSource during the second quarter worth $700,934,000. Pictet Asset Management Holding SA raised its position in Builders FirstSource by 16.1% in the third quarter. Pictet Asset Management Holding SA now owns 4,414,163 shares of the company's stock valued at $251,651,000 after purchasing an additional 613,087 shares during the period. Dimensional Fund Advisors LP raised its position in Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock valued at $244,301,000 after purchasing an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $134,908,000. Finally, Daily Journal Corp acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $80,555,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Ratings Changes

BLDR has been the subject of a number of research analyst reports. The Goldman Sachs Group reiterated a "buy" rating and set a $78.00 price target on shares of Builders FirstSource in a report on Friday, October 30th. Wells Fargo & Company boosted their price objective 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. William Blair cut shares of Builders FirstSource from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 22nd. Loop Capital cut shares of Builders FirstSource from a "buy" rating to a "hold" rating and set a $62.00 price target for the company. in a research report on Monday, October 26th. Finally, Citigroup reiterated a "market perform" rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $75.55.

Builders FirstSource Stock Down 4.7%

NYSE:BLDR opened at $62.42 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The stock's fifty day moving average is $58.94 and its two-hundred day moving average is $79.21. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 168.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41.

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

Builders FirstSource 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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