Builders FirstSource, Inc. $BLDR Shares Newly Bought by Alps Advisors Inc.

Key Points

• Alps Advisors initiated a position in Builders FirstSource, buying 49,385 shares worth approximately $2.82 million in the third quarter. Institutional investors collectively own 95.53% of the company.
• Analysts’ consensus rating is Hold, with an average price target of $75.55; views range from seven Buy ratings to two Sell ratings among 25 analysts.
• Builders FirstSource beat quarterly earnings and revenue expectations, reporting EPS of $1.51 versus $1.06 expected and revenue of $3.85 billion versus $3.75 billion. Revenue was down 2.2% year over year.

Alps Advisors Inc. bought a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 49,385 shares of the company's stock, valued at approximately $2,815,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Builders FirstSource during the second quarter valued at about $700,934,000. Dimensional Fund Advisors LP lifted its holdings in shares of Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock worth $244,301,000 after buying an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Builders FirstSource in the second quarter worth about $134,908,000. Bank of America Corp DE purchased a new stake in shares of Builders FirstSource in the second quarter worth about $83,832,000. Finally, Daily Journal Corp bought a new position in shares of Builders FirstSource in the third quarter valued at approximately $80,555,000. Institutional investors own 95.53% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on BLDR. KeyCorp reduced their price objective 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. Weiss Ratings reiterated a "sell (d)" rating on shares of Builders FirstSource in a research report on Monday, October 19th. UBS Group dropped their price objective on Builders FirstSource from $88.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, October 30th. Benchmark reduced their target price on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Finally, Stifel Nicolaus upped their target price on Builders FirstSource from $55.00 to $58.00 and gave the stock a "hold" rating in a research note on Monday, November 2nd. Seven research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of "Hold" and an average price target of $75.55.

Builders FirstSource Trading Up 5.3%

BLDR stock opened at $65.88 on Tuesday. The company has a market capitalization of $7.09 billion, a PE ratio of 178.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. 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, Inc. has a one year low of $49.67 and a one year high of $131.50. The company's 50 day moving average price is $58.90 and its two-hundred day moving average price is $78.91.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.75 billion. During the same period 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, analysts predict that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Builders FirstSource Profile

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