Optas LLC Purchases 12,704 Shares of Builders FirstSource, Inc. $BLDR

Optas LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,704 shares of the company’s stock, valued at approximately $724,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Builders FirstSource in the second quarter valued at about $700,934,000. Pictet Asset Management Holding SA grew its position in 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 buying an additional 613,087 shares in the last quarter. Dimensional Fund Advisors LP grew its position in 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 buying an additional 325,935 shares in the last quarter. M&G PLC acquired a new stake in Builders FirstSource during the third quarter worth about $226,250,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in Builders FirstSource during the second quarter valued at about $134,908,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE:BLDR traded up $0.42 during mid-day trading on Friday, hitting $60.54. The company’s stock had a trading volume of 1,473,633 shares, compared to its average volume of 2,758,191. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 163.63, a P/E/G ratio of 1.60 and a beta of 1.41. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The stock has a fifty day moving average of $58.69 and a 200-day moving average of $77.72.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data 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 company 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%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 earnings per share. As a group, equities analysts forecast that Builders FirstSource, Inc. will post 3.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on BLDR shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Builders FirstSource in a report on Monday, October 19th. Citizens Jmp assumed coverage on Builders FirstSource in a research report on Friday, August 21st. They issued a “market perform” rating for the company. William Blair lowered Builders FirstSource from an “outperform” rating to a “market perform” rating in a report on Thursday, October 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $78.00 target price on shares of Builders FirstSource in a research note on Friday, October 30th. Finally, Deutsche Bank set a $66.00 target price on Builders FirstSource in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $75.55.

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.