GoodHaven Capital Management LLC Has $3.10 Million Holdings in Builders FirstSource, Inc. (BLDR)

GoodHaven Capital Management LLC raised its position in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 23.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 211,050 shares of the company’s stock after buying an additional 40,150 shares during the quarter. Builders FirstSource comprises about 2.2% of GoodHaven Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. GoodHaven Capital Management LLC’s holdings in Builders FirstSource were worth $3,098,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc increased its holdings in shares of Builders FirstSource by 229.8% during the second quarter. NumerixS Investment Technologies Inc now owns 5,600 shares of the company’s stock valued at $101,000 after acquiring an additional 3,902 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of Builders FirstSource during the third quarter valued at about $194,000. Royal Bank of Canada increased its holdings in shares of Builders FirstSource by 140.2% during the first quarter. Royal Bank of Canada now owns 10,965 shares of the company’s stock valued at $218,000 after acquiring an additional 6,401 shares in the last quarter. Wilen Investment Management CORP. acquired a new position in shares of Builders FirstSource during the second quarter valued at about $245,000. Finally, Zeke Capital Advisors LLC acquired a new position in shares of Builders FirstSource during the third quarter valued at about $262,000. 90.57% of the stock is owned by institutional investors and hedge funds.

In other news, Director Floyd F. Sherman sold 196,512 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $13.78, for a total transaction of $2,707,935.36. Following the transaction, the director now owns 478,346 shares in the company, valued at approximately $6,591,607.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Barr bought 60,000 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were acquired at an average price of $15.63 per share, for a total transaction of $937,800.00. Following the transaction, the director now directly owns 79,496 shares in the company, valued at $1,242,522.48. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by corporate insiders.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. SunTrust Banks cut their price objective on shares of Builders FirstSource to $17.00 and set a “buy” rating on the stock in a report on Monday, November 5th. ValuEngine downgraded shares of Builders FirstSource from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Stephens set a $21.00 price target on shares of Builders FirstSource and gave the stock a “buy” rating in a report on Monday, August 6th. Finally, Barclays cut their price target on shares of Builders FirstSource from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, August 13th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Builders FirstSource presently has an average rating of “Hold” and a consensus target price of $19.18.

Shares of NASDAQ:BLDR opened at $12.92 on Monday. Builders FirstSource, Inc. has a twelve month low of $11.60 and a twelve month high of $23.28. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.21 and a current ratio of 2.09. The company has a market capitalization of $1.48 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.93.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.08. Builders FirstSource had a net margin of 1.44% and a return on equity of 48.32%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the company earned $0.39 EPS. Builders FirstSource’s quarterly revenue was up 12.7% on a year-over-year basis. On average, analysts forecast that Builders FirstSource, Inc. will post 1.86 earnings per share for the current year.

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Builders FirstSource Profile

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

Further Reading: Average Daily Trade Volume – What You Need to Know

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Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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