Marble Harbor Investment Counsel LLC Buys New Shares in Builders FirstSource, Inc. $BLDR

Marble Harbor Investment Counsel LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 126,604 shares of the company’s stock, valued at approximately $7,218,000. Marble Harbor Investment Counsel LLC owned approximately 0.12% of Builders FirstSource at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BLDR. BlackRock Inc. purchased a new stake in shares of Builders FirstSource during the second quarter worth approximately $700,934,000. Pictet Asset Management Holding SA raised its stake in Builders FirstSource by 16.1% in the 3rd quarter. Pictet Asset Management Holding SA now owns 4,414,163 shares of the company’s stock valued at $251,651,000 after purchasing an additional 613,087 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 purchasing an additional 325,935 shares in the last quarter. M&G PLC purchased a new position in Builders FirstSource in the 3rd quarter valued at $226,250,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Builders FirstSource in the 2nd quarter valued at $134,908,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Down 3.5%

Shares of BLDR stock opened at $60.16 on Friday. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The firm has a market cap of $6.47 billion, a PE ratio of 162.60, a price-to-earnings-growth ratio of 1.66 and a beta of 1.41. The company has a 50-day moving average of $58.76 and a two-hundred day moving average of $78.00. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the firm earned $1.88 EPS. The business’s revenue was down 2.2% on a year-over-year basis. On average, analysts predict that Builders FirstSource, Inc. will post 3.85 EPS for the current year.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research reports. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. William Blair downgraded shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a research note on Monday, October 19th. KeyCorp lowered their price target on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, October 30th. Finally, Truist Financial upped their price objective on shares of Builders FirstSource from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Seven research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource has an average rating of “Hold” and an average price target of $75.55.

Builders FirstSource Company Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.