Builders FirstSource, Inc. $BLDR Shares Purchased by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 21.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,800 shares of the company’s stock after acquiring an additional 14,400 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Builders FirstSource were worth $9,918,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BLDR. State Street Corp raised its holdings in 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 purchasing an additional 29,443 shares in the last quarter. Brave Warrior Advisors LLC increased its position in shares of 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 purchasing an additional 585,683 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Builders FirstSource by 5.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,556,151 shares of the company’s stock worth $181,587,000 after buying an additional 74,681 shares in the last quarter. Norges Bank acquired a new stake in shares of Builders FirstSource in the second quarter valued at $147,994,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Builders FirstSource by 1.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 924,296 shares of the company’s stock valued at $107,856,000 after buying an additional 14,430 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

Shares of BLDR opened at $127.05 on Monday. The company has a 50-day moving average of $108.20 and a two-hundred day moving average of $121.90. The stock has a market cap of $14.05 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 15.40 and a beta of 1.57. 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 one year low of $94.35 and a one year high of $175.12.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the prior year, the firm earned $3.07 EPS. The firm’s quarterly revenue was down 6.9% on a year-over-year basis. On average, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, October 8th. Jefferies Financial Group cut shares of Builders FirstSource from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $138.00 to $110.00 in a research note on Monday, December 15th. DA Davidson cut their target price on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Loop Capital reduced their target price on shares of Builders FirstSource from $145.00 to $140.00 in a report on Friday, October 31st. Finally, Wells Fargo & Company started coverage on Builders FirstSource in a report on Monday, November 17th. They issued an “equal weight” rating and a $115.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Hold” and a consensus target price 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.