Weaver Capital Management LLC Buys New Holdings in Builders FirstSource, Inc. $BLDR

Weaver Capital Management LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel.com reports. The fund purchased 9,843 shares of the company’s stock, valued at approximately $561,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Builders FirstSource in the second quarter valued at approximately $700,934,000. The Manufacturers Life Insurance Company acquired a new position in Builders FirstSource during the second quarter valued at approximately $7,317,000. Lodge Hill Capital LLC lifted its stake in Builders FirstSource by 9.9% during the first quarter. Lodge Hill Capital LLC now owns 333,000 shares of the company’s stock worth $27,416,000 after purchasing an additional 30,000 shares during the last quarter. JB Capital Partners LP acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at $26,151,872. Finally, GoodHaven Capital Management LLC increased its stake 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 valued at $20,469,000 after purchasing an additional 43,330 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $53.70 on Friday. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 59.01, a PEG ratio of 1.62 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The firm has a 50 day simple moving average of $62.50 and a 200 day simple moving average of $72.81. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on BLDR shares. Benchmark lowered their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. BMO Capital Markets restated a “market perform” rating and set a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. Citizens Jmp began coverage on Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating on the stock. Stifel Nicolaus set a $65.00 target price on Builders FirstSource in a research report on Friday, September 18th. Finally, Citigroup reiterated a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $84.50.

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.