Rakuten Investment Management Inc. Invests $1.03 Million in Builders FirstSource, Inc. $BLDR

Rakuten Investment Management Inc. purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,404 shares of the company’s stock, valued at approximately $1,032,000.

Other hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its stake in shares of Builders FirstSource by 9.3% in the 1st 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 last quarter. Woodline Partners LP lifted its position in shares of Builders FirstSource by 40.7% during the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after buying an additional 2,812 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Builders FirstSource by 180.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock worth $185,000 after buying an additional 1,017 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Builders FirstSource by 230.7% in the second quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock valued at $2,210,000 after buying an additional 13,215 shares in the last quarter. Finally, Jump Financial LLC boosted its stake in Builders FirstSource by 144.1% in the second quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock valued at $843,000 after buying an additional 4,264 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $66.42 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $7.15 billion, a PE ratio of 72.99, a P/E/G ratio of 2.20 and a beta of 1.44. Builders FirstSource, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03. The stock has a 50-day moving average price of $74.74 and a two-hundred day moving average price of $82.06.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 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 firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business posted $2.38 earnings per share. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. Analysts expect that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on BLDR shares. Wolfe Research raised Builders FirstSource to a “hold” rating in a research note 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. Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $76.00 to $70.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Wells Fargo & Company lowered their price objective 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. Finally, UBS Group dropped their price objective on shares of Builders FirstSource from $122.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $90.35.

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.