Private Management Group Inc. Buys New Holdings in Builders FirstSource, Inc. $BLDR

Private Management Group Inc. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,202 shares of the company’s stock, valued at approximately $639,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BLDR. BlackRock Inc. purchased a new stake in shares of Builders FirstSource in the 2nd quarter valued at approximately $700,934,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at $134,908,000. Daily Journal Corp acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at $80,555,000. Bank of America Corp DE purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth $83,832,000. Finally, Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth $48,738,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BLDR shares. Citizens Jmp started coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They set a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft set a $66.00 price target on Builders FirstSource in a research note on Friday, July 31st. KeyCorp decreased their price target on Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Oppenheimer lowered their price objective on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Finally, DA Davidson set a $68.00 price objective on Builders FirstSource in a report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Builders FirstSource has an average rating of “Hold” and an average target price of $75.55.

Builders FirstSource Trading Down 4.6%

Shares of Builders FirstSource stock opened at $62.97 on Wednesday. The company has a fifty day simple moving average of $58.83 and a 200-day simple moving average of $78.60. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 170.19, a PEG ratio of 1.75 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, October 29th. The company reported $1.51 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 firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the firm posted $1.88 EPS. The company’s revenue was down 2.2% on a year-over-year basis. On average, equities analysts forecast that Builders FirstSource, Inc. will post 3.85 EPS for the current fiscal year.

About Builders FirstSource

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.