731,720 Builders FirstSource, Inc. $BLDR Shares Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 27,467.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 734,384 shares of the company’s stock after purchasing an additional 731,720 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in Builders FirstSource were worth $41,867,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Builders FirstSource in the 2nd quarter worth approximately $700,934,000. Pictet Asset Management Holding SA raised its position in shares of Builders FirstSource by 16.1% in the 3rd 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 during the period. Dimensional Fund Advisors LP boosted its holdings 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 acquiring an additional 325,935 shares during the last quarter. M&G PLC acquired a new stake in Builders FirstSource during the 3rd quarter worth approximately $226,250,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Builders FirstSource during the 2nd quarter worth $134,908,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.7%

Shares of NYSE BLDR opened at $60.54 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 163.63, a PEG ratio of 1.60 and a beta of 1.41. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. The business has a 50 day simple moving average of $58.69 and a 200 day simple moving average of $77.72.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the business posted $1.88 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. On average, research analysts predict that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BLDR. Barclays dropped their target price on Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, October 30th. Citizens Jmp began coverage on Builders FirstSource in a research note on Friday, August 21st. They set a “market perform” rating for the company. Stifel Nicolaus lifted their price objective on Builders FirstSource from $55.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, November 2nd. Loop Capital lowered Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 target price on the stock. in a research report on Monday, October 26th. Finally, Wells Fargo & Company boosted their target price on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, October 30th. Seven equities 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $75.55.

Builders FirstSource 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.