Daily Journal Corp Buys 1,413,000 Shares of Builders FirstSource, Inc. $BLDR

Daily Journal Corp bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, HoldingsChannel reports. The fund bought 1,413,000 shares of the company’s stock, valued at approximately $80,555,000. Builders FirstSource accounts for about 37.1% of Daily Journal Corp’s holdings, making the stock its 2nd biggest holding.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new position in Builders FirstSource during the 2nd quarter valued at about $700,934,000. Dimensional Fund Advisors LP boosted its position in Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after buying an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Builders FirstSource in the second quarter valued at about $134,908,000. Bank of America Corp DE bought a new stake in Builders FirstSource during the second quarter worth about $83,832,000. Finally, Jupiter Topco LLC bought a new stake in Builders FirstSource during the second quarter worth about $73,935,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Down 5.9%

Shares of NYSE:BLDR opened at $65.41 on Friday. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50. The company’s 50-day moving average price is $59.03 and its two-hundred day moving average price is $79.51. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The firm has a market cap of $7.04 billion, a P/E ratio of 176.79, a P/E/G ratio of 1.93 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the company posted $1.88 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, research analysts forecast that Builders FirstSource, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BLDR. Melius Research initiated coverage on shares of Builders FirstSource in a report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective for the company. DA Davidson set a $68.00 target price on Builders FirstSource in a report on Friday, July 31st. BMO Capital Markets restated a “market perform” rating and set a $80.00 price target on shares of Builders FirstSource in a research report on Thursday, August 6th. UBS Group decreased their price target on Builders FirstSource from $88.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Finally, William Blair cut Builders FirstSource from an “outperform” rating to a “market perform” rating in a report on Thursday, October 22nd. Seven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $75.55.

About Builders FirstSource

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.