Atreides Management LP Has $16.63 Million Stock Holdings in Builders FirstSource, Inc. $BLDR

Atreides Management LP decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 57.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 137,154 shares of the company’s stock after selling 184,997 shares during the quarter. Atreides Management LP owned 0.12% of Builders FirstSource worth $16,630,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. purchased a new position in Builders FirstSource during the third quarter worth about $34,000. CYBER HORNET ETFs LLC purchased a new stake in Builders FirstSource in the 2nd quarter valued at about $38,000. MUFG Securities EMEA plc purchased a new stake in Builders FirstSource in the 2nd quarter valued at about $38,000. IMA Advisory Services Inc. lifted its position in shares of Builders FirstSource by 40.9% during the 3rd quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock worth $43,000 after buying an additional 103 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on BLDR shares. Benchmark reduced their price objective on Builders FirstSource from $142.00 to $138.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Stifel Nicolaus lowered their target price on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Jefferies Financial Group cut their price target on shares of Builders FirstSource from $112.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Barclays reduced their price target on shares of Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Finally, William Blair assumed coverage on shares of Builders FirstSource in a report on Thursday, February 26th. They set an “outperform” rating for the company. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Builders FirstSource currently has an average rating of “Hold” and an average target price of $127.81.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $88.10 on Friday. The company has a 50 day moving average of $112.89 and a 200 day moving average of $116.08. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The stock has a market cap of $9.74 billion, a P/E ratio of 22.71, a P/E/G ratio of 2.13 and a beta of 1.56. Builders FirstSource, Inc. has a 12 month low of $86.18 and a 12 month high of $151.03.

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). The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.Builders FirstSource’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.31 earnings per share. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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.