E. Ohman J or Asset Management AB Makes New Investment in Builders FirstSource, Inc. $BLDR

Key Points

• E. Ohman J or Asset Management AB initiated a Builders FirstSource stake of 75,344 shares worth approximately $4.3 million, while institutional investors collectively owned 95.53% of the company.
• Builders FirstSource reported weaker quarterly results, with earnings of $1.17 per share and revenue of $3.86 billion, missing analyst estimates; revenue fell 8.8% year over year.
• Analysts maintain a consensus “Hold” rating with an $82.25 price target, compared with the stock’s reported price of $57.49.

E. Ohman J or Asset Management AB bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 75,344 shares of the company's stock, valued at approximately $4,295,000. E. Ohman J or Asset Management AB owned 0.07% of Builders FirstSource as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its holdings in Builders FirstSource by 40,460.9% in the third quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company's stock valued at $41,761,000 after purchasing an additional 730,723 shares during the period. BlackRock Inc. bought a new stake in shares of Builders FirstSource during the second quarter valued at approximately $700,934,000. Louisbourg Investments Inc. bought a new position in shares of Builders FirstSource in the third quarter valued at approximately $1,949,000. The Manufacturers Life Insurance Company bought a new stake in shares of Builders FirstSource in the 2nd quarter worth approximately $7,317,000. Finally, First Citizens Bank & Trust Co. purchased a new stake in Builders FirstSource during the third quarter valued at about $3,218,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Up 7.4%

NYSE BLDR opened at $57.49 on Friday. The business has a fifty day moving average price of $60.60 and a two-hundred day moving average price of $71.91. The stock has a market capitalization of $6.19 billion, a PE ratio of 63.18, a PEG ratio of 1.76 and a beta of 1.45. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business earned $2.38 earnings per share. The business's quarterly revenue was down 8.8% compared to the same quarter last year. Equities analysts expect that Builders FirstSource, Inc. will post 3.10 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BLDR. UBS Group set a $85.00 price objective on Builders FirstSource in a research report on Thursday, October 1st. Zacks Research raised shares of Builders FirstSource from a "strong sell" rating to a "hold" rating in a report on Friday, October 2nd. Citizens Jmp assumed coverage on Builders FirstSource in a report on Friday, August 21st. They issued a "market perform" rating on the stock. Benchmark dropped their target price on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Finally, William Blair downgraded shares of Builders FirstSource from an "outperform" rating to a "market perform" rating in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $82.25.

Builders FirstSource Company 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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