879,543 Shares of Builders FirstSource, Inc. $BLDR Bought by Phoenix Financial Ltd.

Phoenix Financial Ltd. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 879,543 shares of the company’s stock, valued at approximately $50,143,000.

A number of other large investors have also modified their holdings of the business. Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Builders FirstSource during the third quarter valued at about $12,135,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Builders FirstSource by 5,455.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,722 shares of the company’s stock valued at $212,000 after purchasing an additional 3,655 shares during the last quarter. Danske Bank A S boosted its stake in Builders FirstSource by 195,932,700.0% in the 3rd quarter. Danske Bank A S now owns 1,959,328 shares of the company’s stock worth $111,701,000 after purchasing an additional 1,959,327 shares in the last quarter. Drive Wealth Management LLC acquired a new stake in Builders FirstSource in the 3rd quarter worth approximately $1,230,000. Finally, California First Leasing Corp purchased a new stake in Builders FirstSource during the 3rd quarter worth approximately $6,066,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded up $0.42 during trading on Friday, hitting $60.54. The stock had a trading volume of 1,473,633 shares, compared to its average volume of 2,758,191. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 163.63, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The stock has a 50-day simple moving average of $58.69 and a two-hundred day simple moving average of $77.72.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 earnings per share. On average, equities research analysts expect that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BLDR. William Blair lowered shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 22nd. Oppenheimer decreased their price target on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Royal Bank Of Canada lowered their price objective on shares of Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating for the company in a research note on Friday, October 30th. Benchmark dropped their price objective on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Seven research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.