Builders FirstSource, Inc. $BLDR Shares Newly Acquired by R.H. Investment Group LLC

R.H. Investment Group LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, HoldingsChannel reports. The firm purchased 69,690 shares of the company’s stock, valued at approximately $3,973,000. Builders FirstSource accounts for about 3.0% of R.H. Investment Group LLC’s holdings, making the stock its 16th biggest holding.

A number of other hedge funds have also modified their holdings of BLDR. Harbor Island Capital LLC purchased a new stake in Builders FirstSource in the third quarter valued at approximately $12,524,000. Nisa Investment Advisors LLC increased its holdings in Builders FirstSource by 40,460.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company’s stock worth $41,761,000 after buying an additional 730,723 shares during the period. Louisbourg Investments Inc. acquired a new position in Builders FirstSource in the 3rd quarter worth approximately $1,949,000. BlackRock Inc. acquired a new position in Builders FirstSource in the 2nd quarter worth approximately $700,934,000. Finally, First Citizens Bank & Trust Co. purchased a new position in Builders FirstSource during the 3rd quarter worth approximately $3,218,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. Melius Research initiated coverage on shares of Builders FirstSource in a research note on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective for the company. William Blair lowered shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 22nd. Citizens Jmp began coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating on the stock. Oppenheimer reduced their target price 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. Finally, Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $75.55.

Builders FirstSource Stock Performance

Shares of BLDR traded up $0.42 during mid-day trading on Friday, reaching $60.54. The company had a trading volume of 1,473,633 shares, compared to its average volume of 2,758,191. The stock has a market capitalization of $6.51 billion, a P/E ratio of 163.63, a PEG ratio of 1.60 and a beta of 1.41. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The stock has a 50 day moving average of $58.69 and a two-hundred day moving average of $77.72. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the business earned $1.88 earnings per share. Builders FirstSource’s quarterly revenue was down 2.2% on a year-over-year basis. On average, analysts expect that Builders FirstSource, Inc. will post 3.85 earnings per share for the current year.

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.