Builders FirstSource, Inc. $BLDR Shares Newly Bought by Robeco Institutional Asset Management B.V.

by · The Markets Daily

Robeco Institutional Asset Management B.V. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) in the third quarter, Holdings Channel reports. The fund purchased 146,219 shares of the company’s stock, valued at approximately $8,336,000.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. purchased a new position in Builders FirstSource during the second quarter valued at approximately $700,934,000. Dimensional Fund Advisors LP increased its stake in Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after buying an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Builders FirstSource in the 2nd quarter valued at approximately $134,908,000. Pictet Asset Management Holding SA increased its stake in Builders FirstSource by 74.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock valued at $113,478,000 after buying an additional 588,987 shares during the period. Finally, Bank of America Corp DE purchased a new stake in Builders FirstSource in the 2nd quarter worth approximately $83,832,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 1.1%

Shares of Builders FirstSource stock opened at $56.88 on Friday. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 62.51, a P/E/G ratio of 1.89 and a beta of 1.45. The stock has a 50-day simple moving average of $60.29 and a 200-day simple moving average of $71.80. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09.

Builders FirstSource (NYSE:BLDR – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The company’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.38 EPS. On average, equities research analysts expect that Builders FirstSource, Inc. will post 3.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on BLDR. Citigroup reissued a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a report on Friday, July 31st. Truist Financial dropped their price target on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Stifel Nicolaus set a $65.00 price target on shares of Builders FirstSource in a research note on Friday, September 18th. Finally, Melius Research assumed coverage on Builders FirstSource in a report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective for the company. Eight analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource currently has an average rating of “Hold” and a consensus target price of $82.25.

View Our Latest Stock Report on BLDR

Builders FirstSource Profile

(Free Report)

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.

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