PCJ Investment Counsel Ltd. Invests $2.68 Million in Builders FirstSource, Inc. $BLDR

Key Points

• PCJ Investment Counsel Ltd. purchased a new stake of 22,130 shares of Builders FirstSource (NYSE:BLDR), valued at about $2.683 million in the third quarter per its 13F filing.
• Builders FirstSource reported quarterly results on Feb. 17 with EPS of $1.12 (missing the $1.30 estimate) and revenue of $3.36 billion, down 12.1% year-over-year; the stock has a consensus rating of "Hold" and a $127.81 price target.
• Institutional investors own 95.53% of BLDR, with notable moves including Tran Capital's 2,930% increase to 102,154 shares and M&G PLC opening a roughly $9.0 million stake; the company trades near $93.66 and has a market cap of about $10.36 billion.

PCJ Investment Counsel Ltd. purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 22,130 shares of the company's stock, valued at approximately $2,683,000.

Several other institutional investors have also recently made changes to their positions in the company. Tran Capital Management L.P. increased its position in Builders FirstSource by 2,930.4% during the 3rd quarter. Tran Capital Management L.P. now owns 102,154 shares of the company's stock worth $12,386,000 after purchasing an additional 98,783 shares in the last quarter. Strs Ohio increased its position in shares of Builders FirstSource by 24.0% during the 3rd quarter. Strs Ohio now owns 118,594 shares of the company's stock valued at $14,380,000 after purchasing an additional 22,926 shares during the period. Seizert Capital Partners LLC grew its holdings in shares of Builders FirstSource by 0.9% in the 2nd quarter. Seizert Capital Partners LLC now owns 300,990 shares of the company's stock worth $35,123,000 after acquiring an additional 2,799 shares during the last quarter. Candriam S.C.A. boosted its position in shares of Builders FirstSource by 28.9% in the third quarter. Candriam S.C.A. now owns 53,085 shares of the company's stock worth $6,437,000 after buying an additional 11,891 shares during the period. Finally, M&G PLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter valued at $9,002,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

BLDR stock opened at $93.66 on Wednesday. The firm has a 50 day moving average of $113.78 and a 200-day moving average of $117.03. Builders FirstSource, Inc. has a 12 month low of $89.41 and a 12 month high of $151.03. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $10.36 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 2.29 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. Builders FirstSource's revenue was down 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. DA Davidson cut their price target on Builders FirstSource from $115.00 to $111.00 and set a "neutral" rating for the company in a report on Monday, February 2nd. Royal Bank Of Canada raised shares of Builders FirstSource from a "sector perform" rating to an "outperform" rating and set a $119.00 price target for the company in a report on Thursday, March 5th. Stifel Nicolaus decreased their price objective on Builders FirstSource from $124.00 to $115.00 and set a "hold" rating for the company in a report on Tuesday, December 16th. Stephens lowered their target price on shares of Builders FirstSource from $137.00 to $125.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 18th. Finally, Barclays decreased their target price on shares of Builders FirstSource from $136.00 to $124.00 and set an "overweight" rating on the stock in a research report on Friday, February 20th. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of "Hold" and a consensus price target of $127.81.

Builders FirstSource Company Profile

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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