Machina Capital S.A.S. Purchases 18,129 Shares of Builders FirstSource, Inc. $BLDR

Machina Capital S.A.S. purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,129 shares of the company’s stock, valued at approximately $1,034,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BLDR. BlackRock Inc. bought a new stake in shares of Builders FirstSource during the 2nd quarter worth $700,934,000. Pictet Asset Management Holding SA raised its position in shares of Builders FirstSource by 16.1% during the third quarter. Pictet Asset Management Holding SA now owns 4,414,163 shares of the company’s stock worth $251,651,000 after purchasing an additional 613,087 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after purchasing an additional 325,935 shares during the period. M&G PLC purchased a new stake in shares of Builders FirstSource during the third quarter valued at $226,250,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Builders FirstSource during the second quarter valued at $134,908,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BLDR. Wells Fargo & Company increased their price target on Builders FirstSource from $55.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, October 30th. Citizens Jmp began coverage on Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating on the stock. Deutsche Bank set a $66.00 price objective on Builders FirstSource in a report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $78.00 price objective on shares of Builders FirstSource in a research note on Friday, October 30th. Finally, Melius Research initiated coverage on shares of Builders FirstSource in a report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $60.16 on Friday. The stock 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 business has a fifty day simple moving average of $58.76 and a 200-day simple moving average of $78.00. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50.

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

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.