Regents Gate Capital LLP Invests $4.34 Million in Builders FirstSource, Inc. $BLDR

Regents Gate Capital LLP purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,775 shares of the company’s stock, valued at approximately $4,338,000. Builders FirstSource comprises about 1.5% of Regents Gate Capital LLP’s investment portfolio, making the stock its 25th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in Builders FirstSource by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after buying an additional 78 shares during the last quarter. VestGen Advisors LLC lifted its stake in shares of Builders FirstSource by 4.6% during the second quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock valued at $227,000 after acquiring an additional 86 shares during the period. Aprio Wealth Management LLC lifted its stake in shares of Builders FirstSource by 2.7% during the third quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock valued at $446,000 after acquiring an additional 98 shares during the period. IMA Advisory Services Inc. boosted its holdings in Builders FirstSource by 40.9% in the third quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock valued at $43,000 after acquiring an additional 103 shares during the last quarter. Finally, Stephens Inc. AR increased its position in Builders FirstSource by 3.9% in the third quarter. Stephens Inc. AR now owns 3,149 shares of the company’s stock worth $382,000 after purchasing an additional 117 shares during the period. Institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BLDR. DA Davidson cut their target price on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Zacks Research downgraded shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Stephens cut their price objective on shares of Builders FirstSource from $137.00 to $125.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Jefferies Financial Group reduced their price objective on shares of Builders FirstSource from $112.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. Finally, The Goldman Sachs Group lowered their target price on shares of Builders FirstSource from $150.00 to $142.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Nine investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $127.39.

Builders FirstSource Stock Down 0.5%

Shares of NYSE BLDR opened at $104.06 on Monday. Builders FirstSource, Inc. has a 52-week low of $94.35 and a 52-week high of $151.03. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. The stock has a market cap of $11.51 billion, a P/E ratio of 26.82, a P/E/G ratio of 2.52 and a beta of 1.56. The firm has a 50 day moving average price of $114.86 and a 200 day moving average price of $119.07.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the business earned $2.31 earnings per share. The company’s revenue for the quarter was down 12.1% compared to the same quarter last year. Analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

About Builders FirstSource

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.