Builders FirstSource, Inc. $BLDR Position Trimmed by Hauser Brothers GmbH

Hauser Brothers GmbH decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 11.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,500 shares of the company’s stock after selling 16,948 shares during the period. Builders FirstSource comprises 12.3% of Hauser Brothers GmbH’s portfolio, making the stock its 3rd largest holding. Hauser Brothers GmbH’s holdings in Builders FirstSource were worth $15,217,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Rehmann Capital Advisory Group grew its position in Builders FirstSource by 16.1% during the third quarter. Rehmann Capital Advisory Group now owns 7,928 shares of the company’s stock valued at $960,000 after purchasing an additional 1,099 shares in the last quarter. Watchtower Advisors LP lifted its position in Builders FirstSource by 28.3% in the 3rd quarter. Watchtower Advisors LP now owns 75,000 shares of the company’s stock worth $9,094,000 after buying an additional 16,563 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Builders FirstSource by 7.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 218,394 shares of the company’s stock valued at $26,480,000 after buying an additional 15,215 shares during the period. PCJ Investment Counsel Ltd. acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at $2,683,000. Finally, Sands Capital Management LLC grew its holdings in shares of Builders FirstSource by 139.1% during the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock valued at $294,747,000 after acquiring an additional 1,414,129 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Up 0.7%

Shares of BLDR stock traded up $0.61 on Friday, hitting $87.21. The company’s stock had a trading volume of 322,665 shares, compared to its average volume of 2,348,757. The stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 2.20 and a beta of 1.56. Builders FirstSource, Inc. has a fifty-two week low of $86.18 and a fifty-two week high of $151.03. The firm’s fifty day moving average price is $113.22 and its 200-day moving average price is $116.64. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, February 17th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the company earned $2.31 earnings per share. The company’s quarterly revenue was down 12.1% compared to the same quarter last year. Research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Jefferies Financial Group cut their price objective on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating for the company in a report on Monday, February 23rd. DA Davidson lowered their target price on Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Stephens dropped their target price on Builders FirstSource from $137.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, January 21st. Finally, Zacks Research lowered Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $127.81.

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.