Cullinan Associates Inc. Acquires New Stake in Builders FirstSource, Inc. $BLDR

Cullinan Associates Inc. acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 65,449 shares of the company’s stock, valued at approximately $3,731,000.

A number of other institutional investors have also recently made changes to their positions in the business. Clark Wealth Partners acquired a new stake in Builders FirstSource during the 3rd quarter worth approximately $27,000. PFS Partners LLC purchased a new position in Builders FirstSource in the 3rd quarter valued at approximately $28,000. Sunbelt Securities Inc. boosted its position in Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the period. Sunrise Financial Services LLC acquired a new position in shares of Builders FirstSource in the third quarter worth $32,000. Finally, Barrett & Company Inc. acquired a new position in shares of Builders FirstSource in the third quarter worth $33,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Down 4.7%

Shares of Builders FirstSource stock opened at $62.42 on Friday. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The company has a 50 day moving average of $58.94 and a 200 day moving average of $79.21. 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 company has a market capitalization of $6.72 billion, a P/E ratio of 168.72, a P/E/G ratio of 1.74 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 EPS for the quarter, topping the consensus estimate of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the business posted $1.88 EPS. The firm’s revenue was down 2.2% on a year-over-year basis. As a group, research analysts forecast that Builders FirstSource, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. Barclays decreased their target price on Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Melius Research began coverage on Builders FirstSource in a research note on Tuesday, October 6th. They set a “sell” rating and a $52.00 target price for the company. Robert W. Baird set a $75.00 target price on Builders FirstSource in a research note on Friday, July 31st. Finally, Truist Financial upped their price target on Builders FirstSource from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Seven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Builders FirstSource has a consensus rating of “Hold” and an average target price of $75.55.

Builders FirstSource Profile

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.