Legal & General Group Plc Acquires Shares of 218,465 Builders FirstSource, Inc. $BLDR

Legal & General Group Plc bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 2nd quarter, Holdings Channel.com reports. The firm bought 218,465 shares of the company’s stock, valued at approximately $19,548,000.

A number of other large investors have also modified their holdings of BLDR. Integrated Wealth Concepts LLC raised its stake in shares of Builders FirstSource by 9.3% during the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after purchasing an additional 295 shares during the period. Woodline Partners LP boosted its stake in shares of Builders FirstSource by 40.7% in the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after purchasing an additional 2,812 shares during the period. EverSource Wealth Advisors LLC boosted its position in Builders FirstSource by 180.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock valued at $185,000 after buying an additional 1,017 shares during the last quarter. Baird Financial Group Inc. grew its stake in shares of Builders FirstSource by 230.7% during the second quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock valued at $2,210,000 after acquiring an additional 13,215 shares in the last quarter. Finally, Jump Financial LLC increased its position in shares of Builders FirstSource by 144.1% during the second quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock worth $843,000 after acquiring an additional 4,264 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Weiss Ratings cut Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 21st. Truist Financial lowered their price objective on Builders FirstSource from $115.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, July 31st. UBS Group dropped their price objective on Builders FirstSource from $122.00 to $88.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Benchmark reduced their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and a consensus price target of $90.35.

Builders FirstSource Stock Performance

Shares of BLDR opened at $67.74 on Friday. The business’s fifty day moving average price is $74.96 and its 200 day moving average price is $82.79. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03. The stock has a market capitalization of $7.29 billion, a PE ratio of 74.44, a price-to-earnings-growth ratio of 2.20 and a beta of 1.44. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.38 EPS. Equities research analysts forecast that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

About Builders FirstSource

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.