Builders FirstSource, Inc. $BLDR Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in Builders FirstSource, Inc. (NYSE:BLDR) by 5.8% in the 2nd quarter, Holdings Channel reports. The firm owned 3,465,251 shares of the company’s stock after selling 214,206 shares during the period. Wellington Management Group LLP’s holdings in Builders FirstSource were worth $310,071,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Builders FirstSource during the 2nd quarter worth approximately $700,934,000. State Street Corp lifted its stake in Builders FirstSource by 2.3% in the fourth quarter. State Street Corp now owns 5,108,120 shares of the company’s stock valued at $525,574,000 after buying an additional 115,857 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after buying an additional 325,935 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Builders FirstSource by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock valued at $288,789,000 after acquiring an additional 14,420 shares during the period. Finally, Sands Capital Management LLC boosted its holdings in shares of Builders FirstSource by 13.5% in the fourth quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock valued at $283,767,000 after acquiring an additional 327,067 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Up 0.0%

Builders FirstSource stock opened at $67.74 on Monday. 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, Inc. has a 1-year low of $65.10 and a 1-year high of $151.03. The company has a market cap 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 stock’s 50 day moving average price is $74.96 and its 200 day moving average price is $82.50.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the business earned $2.38 EPS. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 3.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BLDR. Wolfe Research raised shares of Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Robert W. Baird set a $75.00 price target on shares of Builders FirstSource in a research note on Friday, July 31st. Barclays lowered their price objective on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Wells Fargo & Company dropped their price objective on shares of Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $90.35.

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.