Robinson Value Management Ltd. Buys New Shares in Builders FirstSource, Inc. $BLDR

Robinson Value Management Ltd. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, Holdings Channel reports. The fund bought 52,523 shares of the company’s stock, valued at approximately $2,994,000. Builders FirstSource makes up approximately 1.7% of Robinson Value Management Ltd.’s investment portfolio, making the stock its 22nd biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Builders FirstSource in the second quarter valued at $700,934,000. Dimensional Fund Advisors LP lifted its position in shares of Builders FirstSource by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after acquiring an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Builders FirstSource during the 2nd quarter worth $134,908,000. Pictet Asset Management Holding SA boosted its stake in shares of Builders FirstSource by 74.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after acquiring an additional 588,987 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Builders FirstSource during the 2nd quarter worth $83,832,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Up 1.7%

Shares of NYSE BLDR opened at $53.87 on Wednesday. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The firm has a market capitalization of $5.80 billion, a PE ratio of 59.20, a PEG ratio of 1.73 and a beta of 1.45. 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 $61.29 and a two-hundred day moving average price of $72.24.

Builders FirstSource (NYSE:BLDR) last released 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). The business had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same period last year, the firm earned $2.38 EPS. As a group, analysts predict that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on BLDR. BMO Capital Markets restated a “market perform” rating and issued a $80.00 target price on shares of Builders FirstSource in a report on Thursday, August 6th. Oppenheimer reduced their target price on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday. Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Benchmark decreased 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. Finally, KeyCorp dropped their price target on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $82.25.

About Builders FirstSource

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.