Abel Hall LLC Buys New Position in Builders FirstSource, Inc. $BLDR

Abel Hall LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, HoldingsChannel.com reports. The fund purchased 11,306 shares of the company’s stock, valued at approximately $645,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Builders FirstSource in the 2nd quarter worth $700,934,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $7,317,000. JB Capital Partners LP acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $26,151,872. Lodge Hill Capital LLC raised its stake in shares of Builders FirstSource by 9.9% in the 1st quarter. Lodge Hill Capital LLC now owns 333,000 shares of the company’s stock valued at $27,416,000 after purchasing an additional 30,000 shares during the period. Finally, GoodHaven Capital Management LLC lifted its holdings in shares of Builders FirstSource by 23.4% in the second quarter. GoodHaven Capital Management LLC now owns 228,760 shares of the company’s stock valued at $20,469,000 after purchasing an additional 43,330 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on BLDR shares. 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. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a report on Friday, July 31st. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Stifel Nicolaus set a $65.00 target price on Builders FirstSource in a research report on Friday, September 18th. Finally, Robert W. Baird set a $75.00 target price on Builders FirstSource in a research note on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource has a consensus rating of “Hold” and an average target price of $83.54.

Builders FirstSource Stock Down 3.4%

BLDR traded down $1.84 during trading hours on Monday, hitting $52.81. 2,461,255 shares of the company’s stock were exchanged, compared to its average volume of 2,539,682. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 58.04, a PEG ratio of 1.79 and a beta of 1.45. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The stock’s 50-day moving average is $62.10 and its two-hundred day moving average is $72.64. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the firm posted $2.38 earnings per share. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. Sell-side analysts predict that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

Builders FirstSource Company 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.