Nisa Investment Advisors LLC Purchases 730,723 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Nisa Investment Advisors increased its Builders FirstSource stake by 730,723 shares, a 40,460.9% rise, ending the quarter with 732,529 shares valued at approximately $41.8 million.
• Institutional investors own 95.53% of BLDR, while analyst sentiment is mixed: the stock has an average “Hold” rating and an average price target of $82.25.
• Builders FirstSource shares opened at $53.87, near their 52-week low, after the company missed quarterly EPS and revenue estimates; revenue fell 8.8% year over year.

Nisa Investment Advisors LLC increased its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 40,460.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 732,529 shares of the company's stock after purchasing an additional 730,723 shares during the period. Nisa Investment Advisors LLC owned 0.68% of Builders FirstSource worth $41,761,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Builders FirstSource during the 2nd quarter valued at $700,934,000. Dimensional Fund Advisors LP increased its stake in shares of Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock worth $244,301,000 after acquiring an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Builders FirstSource in the 2nd quarter worth about $134,908,000. Pictet Asset Management Holding SA lifted its position in Builders FirstSource by 74.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company's stock valued at $113,478,000 after acquiring an additional 588,987 shares during the period. Finally, Bank of America Corp DE purchased a new position in Builders FirstSource during the 2nd quarter valued at about $83,832,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

BLDR has been the topic of several research reports. Zacks Research raised shares of Builders FirstSource from a "strong sell" rating to a "hold" rating in a research note on Friday, October 2nd. Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Royal Bank Of Canada decreased their target price on shares of Builders FirstSource from $107.00 to $88.00 and set an "outperform" rating for the company in a research note on Friday, July 31st. Weiss Ratings reiterated a "sell (d)" rating on shares of Builders FirstSource in a report on Monday. Finally, Melius Research began coverage on shares of Builders FirstSource in a report on Tuesday, October 6th. They set a "sell" rating and a $52.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Builders FirstSource currently has an average rating of "Hold" and an average target price of $82.25.

Builders FirstSource Price Performance

BLDR opened at $53.87 on Wednesday. The stock has a 50-day moving average price of $61.29 and a 200-day moving average price of $72.24. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The firm has a market cap of $5.80 billion, a PE ratio of 59.20, a P/E/G ratio of 1.73 and a beta of 1.45. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm earned $2.38 EPS. The business's revenue for the quarter was down 8.8% on a year-over-year basis. Sell-side analysts predict that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

About Builders FirstSource

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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