Cerity Partners LLC Trims Position in Builders FirstSource, Inc. $BLDR

Cerity Partners LLC reduced its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,781 shares of the company’s stock after selling 5,115 shares during the period. Cerity Partners LLC’s holdings in Builders FirstSource were worth $20,512,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. VestGen Advisors LLC lifted its position in Builders FirstSource by 4.6% during the second quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock valued at $227,000 after purchasing an additional 86 shares during the period. Stephens Inc. AR raised its stake in shares of Builders FirstSource by 3.1% during the 2nd quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock valued at $354,000 after buying an additional 90 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Builders FirstSource by 21.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after buying an additional 109 shares during the period. Horizon Investments LLC boosted its stake in shares of Builders FirstSource by 5.5% in the first quarter. Horizon Investments LLC now owns 2,205 shares of the company’s stock worth $275,000 after buying an additional 114 shares during the last quarter. Finally, New Age Alpha Advisors LLC grew its holdings in Builders FirstSource by 22.8% during the first quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock worth $80,000 after acquiring an additional 119 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Down 2.3%

BLDR opened at $104.98 on Wednesday. The company has a market cap of $11.61 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 11.49 and a beta of 1.56. Builders FirstSource, Inc. has a twelve month low of $94.35 and a twelve month high of $175.46. The company has a 50-day moving average price of $114.61 and a 200 day moving average price of $122.60. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, October 8th. Barclays decreased their target price on shares of Builders FirstSource from $124.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday. Benchmark raised their price target on shares of Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wall Street Zen raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Wells Fargo & Company started coverage on shares of Builders FirstSource in a research note on Monday, November 17th. They set an “equal weight” rating and a $115.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $136.86.

Builders FirstSource Company Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.