Equity Investment Corp Acquires New Shares in Builders FirstSource, Inc. $BLDR

Equity Investment Corp acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, HoldingsChannel reports. The institutional investor acquired 1,514,837 shares of the company’s stock, valued at approximately $86,361,000.

Other hedge funds have also recently made changes to their positions in the company. Harbor Island Capital LLC purchased a new position in Builders FirstSource during the 3rd quarter valued at $12,524,000. Nisa Investment Advisors LLC raised its holdings in Builders FirstSource by 40,460.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company’s stock worth $41,761,000 after purchasing an additional 730,723 shares in the last quarter. Louisbourg Investments Inc. purchased a new stake in shares of Builders FirstSource in the 3rd quarter worth about $1,949,000. BlackRock Inc. purchased a new stake in shares of Builders FirstSource in the 2nd quarter worth about $700,934,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $3,218,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on BLDR. Citizens Jmp started coverage on shares of Builders FirstSource in a research report on Friday, August 21st. They set a “market perform” rating on the stock. UBS Group decreased their price target on shares of Builders FirstSource from $88.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, October 30th. Wells Fargo & Company raised their price objective on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. Royal Bank Of Canada lowered their price objective on shares of Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating for the company in a report on Friday, October 30th. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a research report on Friday, July 31st. Seven investment 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Price Performance

BLDR opened at $62.97 on Wednesday. The stock has a fifty day simple moving average of $58.83 and a two-hundred day simple moving average of $78.60. 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 company has a market cap of $6.78 billion, a price-to-earnings ratio of 170.19, a price-to-earnings-growth ratio of 1.75 and a beta of 1.41. 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 data on Thursday, October 29th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the firm posted $1.88 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Research analysts predict that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

Builders FirstSource Company 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.