The Manufacturers Life Insurance Company Takes Position in Builders FirstSource, Inc. $BLDR

The Manufacturers Life Insurance Company purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the second quarter, HoldingsChannel.com reports. The fund purchased 81,775 shares of the company’s stock, valued at approximately $7,317,000.

A number of other large investors also recently modified their holdings of BLDR. Caitong International Asset Management Co. Ltd increased its holdings in Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 132 shares during the period. CYBER HORNET ETFs LLC bought a new position in Builders FirstSource in the 2nd quarter valued at $38,000. MUFG Securities EMEA plc bought a new position in Builders FirstSource in the 2nd quarter valued at $38,000. Sunbelt Securities Inc. grew its position in shares of Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of Builders FirstSource by 90.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after purchasing an additional 175 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Up 0.0%

NYSE BLDR opened at $67.74 on Monday. The stock’s 50-day simple moving average is $74.96 and its two-hundred day simple moving average is $82.50. Builders FirstSource, Inc. has a twelve month low of $65.10 and a twelve month high of $151.03. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 74.44, a PEG ratio of 2.20 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data 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). The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.Builders FirstSource’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.38 earnings per share. Research analysts forecast that Builders FirstSource, Inc. will post 3.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Benchmark lowered their price objective on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings cut Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. Zacks Research lowered Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Royal Bank Of Canada lowered their price target on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Finally, Robert W. Baird set a $75.00 price objective on Builders FirstSource in a report on Friday, July 31st. Nine 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $90.35.

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.