13,952 Shares in Builders FirstSource, Inc. $BLDR Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,952 shares of the company’s stock, valued at approximately $1,692,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CYBER HORNET ETFs LLC purchased a new position in shares of Builders FirstSource during the 2nd quarter worth about $38,000. MUFG Securities EMEA plc purchased a new position in Builders FirstSource during the second quarter worth approximately $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Builders FirstSource during the third quarter worth approximately $44,000. Root Financial Partners LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $47,000. Finally, Mather Group LLC. purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Down 2.3%

NYSE BLDR opened at $122.38 on Friday. The stock has a market cap of $13.53 billion, a PE ratio of 23.31, a P/E/G ratio of 15.22 and a beta of 1.57. Builders FirstSource, Inc. has a fifty-two week low of $94.35 and a fifty-two week high of $175.12. The business has a 50 day moving average price of $110.15 and a two-hundred day moving average price of $121.91. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.86 billion. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The business’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.07 earnings per share. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analysts Set New Price Targets

BLDR has been the topic of a number of research analyst reports. Benchmark lifted their target price on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a report on Friday, October 31st. Wells Fargo & Company initiated coverage on Builders FirstSource in a report on Monday, November 17th. They issued an “equal weight” rating and a $115.00 price objective on the stock. Vertical Research initiated coverage on Builders FirstSource in a report on Monday, October 20th. They set a “sell” rating and a $109.41 target price for the company. Loop Capital dropped their target price on shares of Builders FirstSource from $145.00 to $140.00 in a research report on Friday, October 31st. Finally, KeyCorp set a $145.00 price target on shares of Builders FirstSource in a research report on Wednesday, October 1st. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $133.87.

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.