Builders FirstSource, Inc. $BLDR Shares Newly Purchased by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 15,044 shares of the company’s stock, valued at approximately $858,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLDR. Keybank National Association OH raised its position in shares of Builders FirstSource by 19,306.5% in the 3rd quarter. Keybank National Association OH now owns 1,791,411 shares of the company’s stock valued at $102,128,000 after purchasing an additional 1,782,180 shares in the last quarter. Elevated Capital Advisors LLC acquired a new stake in shares of Builders FirstSource during the third quarter worth approximately $113,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Builders FirstSource during the third quarter worth approximately $641,000. Searle & CO. bought a new stake in shares of Builders FirstSource in the third quarter worth $336,000. Finally, Narwhal Capital Management bought a new stake in shares of Builders FirstSource in the third quarter worth $253,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR opened at $60.16 on Friday. The business’s fifty day moving average price is $58.76 and its 200 day moving average price is $78.00. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The stock has a market capitalization of $6.47 billion, a PE ratio of 162.60, a price-to-earnings-growth ratio of 1.66 and a beta of 1.41. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. Equities research analysts forecast that Builders FirstSource, Inc. will post 3.85 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on BLDR shares. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. William Blair lowered shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a report on Thursday, October 22nd. Citigroup reissued a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Melius Research initiated coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 target price for the company. Finally, Citizens Jmp began coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating on the stock. Seven 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.com, the company currently has an average rating of “Hold” and an average price target of $75.55.

About Builders FirstSource

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.