M&G PLC Makes New Investment in Builders FirstSource, Inc. $BLDR

M&G PLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,968,598 shares of the company’s stock, valued at approximately $226,250,000. Builders FirstSource accounts for approximately 1.1% of M&G PLC’s portfolio, making the stock its 26th largest position. M&G PLC owned approximately 3.69% of Builders FirstSource as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BLDR. Kestra Investment Management LLC acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $400,000. Leuthold Group LLC acquired a new position in Builders FirstSource during the third quarter worth about $251,000. Retirement Systems of Alabama grew its position in Builders FirstSource by 7,181.9% during the third quarter. Retirement Systems of Alabama now owns 1,645,420 shares of the company’s stock worth $93,805,000 after buying an additional 1,622,824 shares during the period. Private Management Group Inc. acquired a new position in Builders FirstSource during the third quarter worth about $639,000. Finally, Clear Wave Wealth Management LLC purchased a new position in Builders FirstSource in the third quarter valued at about $170,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR opened at $65.88 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The stock has a market cap of $7.09 billion, a P/E ratio of 178.06, a PEG ratio of 1.93 and a beta of 1.41. The company has a 50-day moving average of $58.90 and a two-hundred day moving average of $78.91. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 0.28% and a return on equity of 10.77%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.88 earnings per share. As a group, research analysts predict that Builders FirstSource, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, November 2nd. KeyCorp dropped their price objective on Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Benchmark reduced their price objective on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Finally, Truist Financial boosted their target price on Builders FirstSource from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Seven analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource has an average rating of “Hold” and an average price target of $75.55.

Builders FirstSource Company Profile