GoodHaven Capital Management LLC Acquires 43,330 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• GoodHaven Capital Management increased its Builders FirstSource holdings by 23.4% in the second quarter, adding 43,330 shares for a total of 228,760 shares valued at approximately $20.5 million.
• Builders FirstSource shares recently traded near $62.65, close to their 12-month low of $62.31, after the company reported quarterly EPS of $1.17 and revenue of $3.86 billion—both below analyst expectations.
• Analysts maintain a consensus “Hold” rating, with 9 Buys, 13 Holds, and 3 Sells and an average price target of $90.35.

GoodHaven Capital Management LLC raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 23.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 228,760 shares of the company's stock after buying an additional 43,330 shares during the period. Builders FirstSource comprises approximately 6.4% of GoodHaven Capital Management LLC's investment portfolio, making the stock its 5th biggest position. GoodHaven Capital Management LLC owned approximately 0.21% of Builders FirstSource worth $20,469,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its position in Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company's stock worth $26,000 after purchasing an additional 132 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock worth $30,000 after buying an additional 300 shares during the period. Root Financial Partners LLC boosted its position in shares of Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after buying an additional 113 shares during the period. Transamerica Financial Advisors LLC grew its holdings in shares of Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company's stock valued at $38,000 after buying an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in Builders FirstSource during the second quarter valued at $38,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

BLDR stock traded down $3.14 during midday trading on Tuesday, hitting $62.65. 2,782,800 shares of the company traded hands, compared to its average volume of 2,392,855. Builders FirstSource, Inc. has a twelve month low of $62.31 and a twelve month high of $148.91. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 68.84, a price-to-earnings-growth ratio of 2.14 and a beta of 1.41. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The business has a 50 day simple moving average of $72.56 and a 200-day simple moving average of $80.16.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the company posted $2.38 earnings per share. Builders FirstSource's quarterly revenue was down 8.8% on a year-over-year basis. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of research reports. Wolfe Research upgraded Builders FirstSource to a "hold" rating in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. UBS Group decreased their price target on shares of Builders FirstSource from $122.00 to $88.00 and set a "buy" rating for the company in a report on Friday, July 31st. Citizens Jmp started coverage on shares of Builders FirstSource in a research report on Friday, August 21st. They set a "market perform" rating on the stock. Finally, KeyCorp dropped their price objective on shares of Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating on the stock in a research note on Monday, July 13th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of "Hold" and an average price target of $90.35.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company's core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.

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