Telos Capital Management Inc. Makes New Investment in Builders FirstSource, Inc. $BLDR

Telos Capital Management Inc. purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,982 shares of the company’s stock, valued at approximately $797,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. bought a new position in Builders FirstSource during the second quarter worth about $700,934,000. Dimensional Fund Advisors LP grew its stake in shares of Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after purchasing an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at approximately $134,908,000. Bank of America Corp DE acquired a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $83,832,000. Finally, Jupiter Topco LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $73,935,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $65.41 on Friday. The firm’s 50 day moving average price is $59.03 and its two-hundred day moving average price is $79.51. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The stock has a market cap of $7.04 billion, a PE ratio of 176.79, a PEG ratio of 1.93 and a beta of 1.41.

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

Analyst Ratings Changes

BLDR has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on shares of Builders FirstSource from $55.00 to $58.00 and gave the company a “hold” rating in a research note on Monday. Oppenheimer cut their price target on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Citigroup restated a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $78.00 price objective on shares of Builders FirstSource in a research note on Friday, October 30th. Finally, Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and a consensus price target of $75.55.

Builders FirstSource Company Profile

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.