Builders FirstSource, Inc. $BLDR Stake Trimmed by LSV Asset Management

LSV Asset Management cut its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 68.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 141,957 shares of the company’s stock after selling 306,096 shares during the quarter. LSV Asset Management owned 0.13% of Builders FirstSource worth $17,212,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Builders FirstSource during the second quarter valued at approximately $147,994,000. Envestnet Asset Management Inc. grew its position in Builders FirstSource by 188.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 912,144 shares of the company’s stock worth $110,597,000 after purchasing an additional 596,409 shares in the last quarter. Brave Warrior Advisors LLC raised its stake in 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 purchasing an additional 585,683 shares during the period. Atreides Management LP acquired a new stake in Builders FirstSource during the 2nd quarter valued at $37,592,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Builders FirstSource by 135.1% in the third quarter. Bessemer Group Inc. now owns 461,934 shares of the company’s stock valued at $56,009,000 after purchasing an additional 265,428 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $111.00 price target on shares of Builders FirstSource in a report on Friday, January 9th. Benchmark lifted their target price on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Wells Fargo & Company upped their target price on Builders FirstSource from $115.00 to $120.00 and gave the company a “cautious” rating in a report on Wednesday. Loop Capital decreased their price target on shares of Builders FirstSource from $145.00 to $140.00 in a report on Friday, October 31st. Finally, DA Davidson dropped their price objective on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $134.02.

Builders FirstSource Trading Down 4.6%

Shares of NYSE BLDR opened at $115.06 on Friday. The business has a 50 day simple moving average of $114.19 and a 200 day simple moving average of $120.73. Builders FirstSource, Inc. has a 52 week low of $94.35 and a 52 week high of $157.96. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 14.36 and a beta of 1.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79.

Builders FirstSource Company 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.