1,899,625 Shares in Builders FirstSource, Inc. $BLDR Bought by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,899,625 shares of the company’s stock, valued at approximately $108,298,000.

Other hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. grew its stake in Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the period. Allworth Financial LP acquired a new position in Builders FirstSource in the 2nd quarter valued at $42,000. Clark Wealth Partners purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $27,000. PFS Partners LLC purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $28,000. Finally, Continuum Advisory LLC purchased a new position in shares of Builders FirstSource during the 2nd quarter worth $48,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $65.88 on Tuesday. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. The company has a 50 day moving average price of $58.90 and a 200 day moving average price of $78.91. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 178.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. Builders FirstSource’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 earnings per share. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 3.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. DA Davidson set a $68.00 price objective on Builders FirstSource in a report on Friday, July 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of Builders FirstSource in a research note on Monday, October 19th. Royal Bank Of Canada reduced their target price on Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating on the stock in a research report on Friday, October 30th. Robert W. Baird set a $75.00 target price on Builders FirstSource in a research report on Friday, July 31st. Finally, KeyCorp decreased their price target on Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $75.55.

About Builders FirstSource