Generali Asset Management SPA SGR Purchases Shares of 8,699 Builders FirstSource, Inc. $BLDR

Generali Asset Management SPA SGR purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,699 shares of the company’s stock, valued at approximately $1,055,000.

Other large investors have also recently made changes to their positions in the company. State Street Corp increased its holdings in Builders FirstSource by 0.6% in the 2nd quarter. State Street Corp now owns 5,026,553 shares of the company’s stock worth $586,548,000 after acquiring an additional 29,443 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of Builders FirstSource by 29.9% in the first quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock worth $229,809,000 after purchasing an additional 423,891 shares in the last quarter. Brave Warrior Advisors LLC lifted its stake in shares of Builders FirstSource by 47.2% during the 2nd quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock valued at $213,223,000 after buying an additional 585,683 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Builders FirstSource by 5.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,556,151 shares of the company’s stock valued at $181,587,000 after buying an additional 74,681 shares in the last quarter. Finally, Norges Bank bought a new position in Builders FirstSource in the 2nd quarter worth $147,994,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $104.62 on Monday. The firm has a market cap of $11.57 billion, a PE ratio of 19.93, a PEG ratio of 12.71 and a beta of 1.57. The stock has a 50 day moving average of $107.13 and a 200 day moving average of $121.82. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. Builders FirstSource, Inc. has a 12 month low of $94.35 and a 12 month high of $175.12.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The company’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.07 EPS. On average, research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BLDR shares. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Barclays cut their target price on Builders FirstSource from $124.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Vertical Research initiated coverage on Builders FirstSource in a report on Monday, October 20th. They issued a “sell” rating and a $109.41 price target on the stock. Jefferies Financial Group downgraded Builders FirstSource from a “buy” rating to a “hold” rating and dropped their price target for the stock from $138.00 to $110.00 in a research note on Monday, December 15th. Finally, Wells Fargo & Company started coverage on shares of Builders FirstSource in a report on Monday, November 17th. They set an “equal weight” rating and a $115.00 price objective for the company. Ten analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and a consensus target price of $135.07.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.