GoodHaven Capital Management LLC Buys 43,330 Shares of Builders FirstSource, Inc. $BLDR

GoodHaven Capital Management LLC increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 23.4% during the second quarter, HoldingsChannel reports. The fund owned 228,760 shares of the company’s stock after acquiring an additional 43,330 shares during the quarter. Builders FirstSource makes up about 6.4% of GoodHaven Capital Management LLC’s portfolio, making the stock its 5th biggest holding. GoodHaven Capital Management LLC’s holdings in Builders FirstSource were worth $20,469,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its position in Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 132 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Root Financial Partners LLC lifted its stake in shares of Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after buying an additional 113 shares during the period. Transamerica Financial Advisors LLC lifted its stake in shares of Builders FirstSource by 90.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after buying an additional 175 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new stake in Builders FirstSource during the second quarter worth about $38,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Shares of BLDR stock traded down $3.14 during trading hours on Tuesday, hitting $62.65. The company had a trading volume of 2,782,800 shares, compared to its average volume of 2,392,855. Builders FirstSource, Inc. has a 12 month low of $62.31 and a 12 month high of $148.91. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 68.84, a PEG ratio of 2.14 and a beta of 1.41. The firm’s fifty day moving average is $72.56 and its 200 day moving average is $80.16. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.Builders FirstSource’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.38 EPS. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 3.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on BLDR shares. DA Davidson set a $68.00 price target on Builders FirstSource in a research note on Friday, July 31st. Zacks Research downgraded Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Citizens Jmp began coverage on Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating on the stock. UBS Group lowered their price objective on Builders FirstSource from $122.00 to $88.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, Citigroup began coverage on Builders FirstSource in a research report on Friday, August 21st. They issued a “market perform” rating for the company. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $90.35.

Builders FirstSource Profile

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.