Mesirow Financial Investment Management Inc. Makes New $858,000 Investment in Builders FirstSource, Inc. $BLDR

Mesirow Financial Investment Management Inc. bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,044 shares of the company’s stock, valued at approximately $858,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Builders FirstSource in the 2nd quarter worth about $700,934,000. M&G PLC purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth about $226,250,000. Beutel Goodman & Co Ltd. purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth about $108,298,000. Keybank National Association OH grew its holdings in shares of Builders FirstSource by 19,306.5% during the 3rd quarter. Keybank National Association OH now owns 1,791,411 shares of the company’s stock worth $102,128,000 after purchasing an additional 1,782,180 shares during the period. Finally, Retirement Systems of Alabama increased its position in Builders FirstSource by 7,181.9% during the 3rd quarter. Retirement Systems of Alabama now owns 1,645,420 shares of the company’s stock worth $93,805,000 after purchasing an additional 1,622,824 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on BLDR shares. Wells Fargo & Company raised their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, October 30th. Barclays decreased their price objective on shares of Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Royal Bank Of Canada dropped 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 research report on Friday, October 30th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $78.00 price target on shares of Builders FirstSource in a research report on Friday, October 30th. Finally, DA Davidson set a $68.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Builders FirstSource has a consensus rating of “Hold” and a consensus price target of $75.55.

Builders FirstSource Stock Down 3.5%

Shares of NYSE:BLDR opened at $60.16 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The company has a 50 day moving average of $58.76 and a two-hundred day moving average of $78.00. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 162.60, a price-to-earnings-growth ratio of 1.66 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.85 billion for 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 business’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, analysts forecast that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

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.