Builders FirstSource acquires supplier, becomes state’s largest independent dealer

Builders FirstSource acquired L&P Building Supply, a New Mexico-based supplier serving southern New Mexico and El Paso, marking its fifth acquisition of 2026 as it expands while also closing facilities amid a housing slowdown. The company reported third-quarter sales of about $3.9 billion, but net income fell year over year. Its shares recently posted three straight daily gains, even as analysts’ views remained mixed: most tracked ratings were Hold, with some Buy and Sell recommendations, and Royal Bank of Canada cut its price target. Institutional investors also showed differing activity, with Inspire Investing sharply reducing its stake while other firms added or opened positions.