Rakuten Investment Management Inc. Purchases New Holdings in Builders FirstSource, Inc. $BLDR

Rakuten Investment Management Inc. acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel reports. The fund acquired 13,952 shares of the company’s stock, valued at approximately $1,692,000.

A number of other institutional investors also recently made changes to their positions in BLDR. State Street Corp grew its position in shares of Builders FirstSource by 0.6% during the second quarter. State Street Corp now owns 5,026,553 shares of the company’s stock worth $586,548,000 after buying an additional 29,443 shares in the last quarter. Brave Warrior Advisors LLC boosted its stake in Builders FirstSource by 47.2% during the 2nd quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock valued at $213,223,000 after acquiring an additional 585,683 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Builders FirstSource by 5.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,556,151 shares of the company’s stock worth $181,587,000 after acquiring an additional 74,681 shares in the last quarter. Norges Bank bought a new stake in shares of Builders FirstSource in the 2nd quarter worth about $147,994,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Builders FirstSource by 1.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 924,296 shares of the company’s stock worth $107,856,000 after purchasing an additional 14,430 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Down 2.3%

NYSE:BLDR opened at $122.38 on Friday. The firm has a market capitalization of $13.53 billion, a P/E ratio of 23.31, a P/E/G ratio of 15.22 and a beta of 1.57. The business has a 50 day simple moving average of $110.15 and a 200 day simple moving average of $121.91. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. Builders FirstSource, Inc. has a 12-month low of $94.35 and a 12-month high of $175.12.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same period last year, the business posted $3.07 earnings per share. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. Equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Ratings Changes

BLDR has been the subject of a number of research reports. DA Davidson decreased their price target on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday. Vertical Research started coverage on Builders FirstSource in a research report on Monday, October 20th. They issued a “sell” rating and a $109.41 target price for the company. Deutsche Bank Aktiengesellschaft dropped their price target on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Finally, Stephens restated an “equal weight” rating and set a $137.00 price objective on shares of Builders FirstSource in a research note on Tuesday. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $133.87.

Builders FirstSource 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.