449,309 Shares in Builders FirstSource, Inc. $BLDR Bought by Hosking Partners LLP

Hosking Partners LLP purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, HoldingsChannel.com reports. The firm purchased 449,309 shares of the company’s stock, valued at approximately $25,615,000.

Several other institutional investors also recently made changes to their positions in BLDR. BlackRock Inc. acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth $700,934,000. Dimensional Fund Advisors LP raised its position 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 worth $244,301,000 after buying an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Builders FirstSource in the 2nd quarter worth $134,908,000. Pictet Asset Management Holding SA boosted its holdings in Builders FirstSource by 74.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock valued at $113,478,000 after acquiring an additional 588,987 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in Builders FirstSource during the second quarter valued at about $83,832,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Royal Bank Of Canada dropped their price target on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Oppenheimer reduced their price objective on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Citizens Jmp initiated coverage on Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating for the company. Finally, KeyCorp dropped their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and an average target price of $82.25.

Builders FirstSource Stock Down 0.8%

Shares of Builders FirstSource stock opened at $53.51 on Thursday. The company has a fifty day moving average price of $60.92 and a 200 day moving average price of $72.06. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 58.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). The company had revenue of $3.86 billion during 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 for the quarter was down 8.8% compared to the same quarter last year. During the same period last year, the business earned $2.38 earnings per share. Equities research analysts forecast that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

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.