Western Financial Corp CA Purchases 88,892 Shares of Builders FirstSource, Inc. $BLDR

Western Financial Corp CA acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, Holdings Channel reports. The firm acquired 88,892 shares of the company’s stock, valued at approximately $5,068,000. Builders FirstSource accounts for about 1.7% of Western Financial Corp CA’s holdings, making the stock its 11th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Builders FirstSource during the second quarter valued at about $700,934,000. The Manufacturers Life Insurance Company bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $7,317,000. Lodge Hill Capital LLC grew its position in shares of Builders FirstSource by 9.9% in the 1st quarter. Lodge Hill Capital LLC now owns 333,000 shares of the company’s stock worth $27,416,000 after buying an additional 30,000 shares during the last quarter. JB Capital Partners LP purchased a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $26,151,872. Finally, GoodHaven Capital Management LLC grew its position in shares of Builders FirstSource by 23.4% in the 2nd quarter. GoodHaven Capital Management LLC now owns 228,760 shares of the company’s stock worth $20,469,000 after buying an additional 43,330 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the subject of several recent analyst reports. DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. Stifel Nicolaus set a $65.00 target price on shares of Builders FirstSource in a research note on Friday, September 18th. Barclays lowered their target price on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Oppenheimer cut their price target on shares of Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Finally, Melius Research began coverage on Builders FirstSource in a research report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $84.50.

Builders FirstSource Stock Down 2.4%

Shares of BLDR stock traded down $1.25 during trading hours on Wednesday, reaching $50.46. 3,249,437 shares of the company’s stock were exchanged, compared to its average volume of 2,528,719. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The stock has a market cap of $5.43 billion, a PE ratio of 55.45, a PEG ratio of 1.67 and a beta of 1.45. The stock’s fifty day moving average price is $63.38 and its two-hundred day moving average price is $73.22.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.38 earnings per share. Research analysts predict that Builders FirstSource, Inc. will post 3.19 EPS for the current year.

Builders FirstSource Profile

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.