Lmcg Investments LLC Makes New Investment in Builders FirstSource, Inc. $BLDR

Lmcg Investments LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 14,672 shares of the company’s stock, valued at approximately $836,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Builders FirstSource during the second quarter valued at about $700,934,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Builders FirstSource in the second quarter worth about $134,908,000. Bank of America Corp DE purchased a new position in shares of Builders FirstSource in the second quarter worth about $83,832,000. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Builders FirstSource in the third quarter worth about $48,738,000. Finally, Jupiter Topco LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $73,935,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $57.49 on Friday. The firm has a market cap of $6.19 billion, a PE ratio of 63.18, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The company’s fifty day simple moving average is $60.60 and its two-hundred day simple moving average is $71.91.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the firm posted $2.38 EPS. Builders FirstSource’s revenue was down 8.8% compared to the same quarter last year. As a group, equities analysts expect that Builders FirstSource, Inc. will post 3.10 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BLDR. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. William Blair lowered Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday. KeyCorp decreased their price target on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Robert W. Baird set a $75.00 price objective on Builders FirstSource in a research report on Friday, July 31st. Finally, Benchmark lowered their price objective on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Eight investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $82.25.

About Builders FirstSource

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.