Builders FirstSource, Inc. $BLDR Stock: Eurizon Capital SGR S.p.A. Raises Position

Key Points

• Eurizon Capital SGR increased its Builders FirstSource stake by 27,467% in the third quarter, ending the period with 734,384 shares worth about $41.9 million. Institutional investors collectively own 95.53% of the stock.
• Builders FirstSource reported quarterly EPS of $1.51, beating the $1.06 consensus, and revenue of $3.85 billion versus estimates of $3.75 billion; revenue was down 2.2% year over year.
• Analyst sentiment is mixed: the consensus rating is “Hold,” with a $75.55 average price target, while shares opened at $60.54 and had a 52-week range of $49.67 to $131.50.

Eurizon Capital SGR S.p.A. increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 27,467.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 734,384 shares of the company's stock after acquiring an additional 731,720 shares during the period. Eurizon Capital SGR S.p.A. owned about 0.68% of Builders FirstSource worth $41,867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Harbor Island Capital LLC purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $12,524,000. Nisa Investment Advisors LLC lifted its position in shares of Builders FirstSource by 40,460.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company's stock valued at $41,761,000 after buying an additional 730,723 shares in the last quarter. Louisbourg Investments Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $1,949,000. BlackRock Inc. purchased a new position in shares of Builders FirstSource during the 2nd quarter valued at approximately $700,934,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in Builders FirstSource in the 3rd quarter valued at $3,218,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

BLDR stock opened at $60.54 on Friday. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The firm has a market capitalization of $6.51 billion, a PE ratio of 163.63, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The business has a 50 day simple moving average of $58.69 and a 200-day simple moving average of $77.72. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14.

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, beating 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 firm 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 company earned $1.88 EPS. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. Equities research analysts anticipate that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Stifel Nicolaus boosted their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock a "hold" rating in a report on Monday, November 2nd. Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Truist Financial lifted their target price on shares of Builders FirstSource from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, October 30th. Barclays cut their target price on shares of Builders FirstSource from $81.00 to $70.00 and set an "overweight" rating for the company in a research note on Friday, October 30th. Finally, Citigroup restated 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 issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $75.55.

About Builders FirstSource

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.

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