Capital International Investors Invests $429.64 Million in Builders FirstSource, Inc. $BLDR

Capital International Investors purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,543,420 shares of the company’s stock, valued at approximately $429,640,000. Capital International Investors owned approximately 3.20% of Builders FirstSource as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BLDR. State Street Corp lifted its position in shares of Builders FirstSource by 0.6% during the 2nd quarter. State Street Corp now owns 5,026,553 shares of the company’s stock worth $586,548,000 after buying an additional 29,443 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Builders FirstSource by 235.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock valued at $229,585,000 after buying an additional 1,328,363 shares during the last quarter. Brave Warrior Advisors LLC raised its stake in Builders FirstSource by 47.2% during the 2nd quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock worth $213,223,000 after acquiring an additional 585,683 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Builders FirstSource by 5.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,556,151 shares of the company’s stock worth $181,587,000 after acquiring an additional 74,681 shares in the last quarter. Finally, Norges Bank purchased a new stake in Builders FirstSource in the second quarter valued at $147,994,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

NYSE BLDR opened at $93.66 on Wednesday. The firm has a market cap of $10.36 billion, a P/E ratio of 24.14, a P/E/G ratio of 2.29 and a beta of 1.56. Builders FirstSource, Inc. has a 52-week low of $89.41 and a 52-week high of $151.03. The business’s 50-day moving average price is $113.78 and its 200 day moving average price is $117.03. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02.

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

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research reports. BMO Capital Markets reduced their price target on shares of Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating for the company in a research report on Friday, February 20th. Barclays cut their target price on Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Stephens reduced their target price on Builders FirstSource from $137.00 to $125.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Stifel Nicolaus decreased their target price on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Builders FirstSource in a research report on Wednesday, January 21st. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $127.81.

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.