Builders FirstSource, Inc. $BLDR Stock Position Raised by Yousif Capital Management LLC

by · The Markets Daily

Yousif Capital Management LLC lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 2,299.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 382,118 shares of the company’s stock after buying an additional 366,192 shares during the period. Yousif Capital Management LLC’s holdings in Builders FirstSource were worth $21,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Builders FirstSource in the 2nd quarter valued at about $700,934,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $134,908,000. Bank of America Corp DE purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $83,832,000. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $48,738,000. Finally, Jupiter Topco LLC acquired a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $73,935,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of analyst reports. Benchmark dropped their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Robert W. Baird set a $75.00 price objective on Builders FirstSource in a research report on Friday, July 31st. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. William Blair cut Builders FirstSource from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Citizens Jmp began coverage on Builders FirstSource in a report on Friday, August 21st. They issued a “market perform” rating for the company. Eight research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $82.25.

Check Out Our Latest Stock Report on Builders FirstSource

Builders FirstSource Trading Down 1.1%

BLDR stock traded down $0.66 during trading on Friday, reaching $56.88. 2,122,536 shares of the stock were exchanged, compared to its average volume of 2,361,329. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The business has a 50 day moving average price of $60.29 and a 200-day moving average price of $71.80. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 62.51, a P/E/G ratio of 1.91 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the firm earned $2.38 earnings per share. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. On average, research analysts predict that Builders FirstSource, Inc. will post 3.07 earnings per share for the current year.

Builders FirstSource Company Profile

(Free Report)

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.

Further Reading

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