1832 Asset Management L.P. Has $1.60 Million Position in Builders FirstSource, Inc. $BLDR

1832 Asset Management L.P. cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 86.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,742 shares of the company’s stock after selling 88,893 shares during the period. 1832 Asset Management L.P.’s holdings in Builders FirstSource were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Smithfield Trust Co grew its stake in Builders FirstSource by 187.7% during the second quarter. Smithfield Trust Co now owns 420 shares of the company’s stock worth $49,000 after purchasing an additional 274 shares during the period. AlphaQuest LLC acquired a new position in Builders FirstSource in the second quarter valued at approximately $67,000. Elevation Point Wealth Partners LLC bought a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $67,000. Smartleaf Asset Management LLC grew its position in shares of Builders FirstSource by 21.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock worth $78,000 after buying an additional 109 shares during the period. Finally, New Age Alpha Advisors LLC grew its position in shares of Builders FirstSource by 22.8% during the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock worth $80,000 after buying an additional 119 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BLDR. Robert W. Baird set a $135.00 target price on shares of Builders FirstSource in a research report on Friday, October 31st. BMO Capital Markets decreased their price target on shares of Builders FirstSource from $130.00 to $123.00 in a research note on Wednesday, October 29th. KeyCorp set a $145.00 price objective on shares of Builders FirstSource in a report on Wednesday, October 1st. Wall Street Zen raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, The Goldman Sachs Group decreased their target price on Builders FirstSource from $147.00 to $146.00 in a research report on Friday, October 31st. Ten investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $136.92.

Builders FirstSource Trading Down 0.9%

BLDR opened at $110.06 on Friday. Builders FirstSource, Inc. has a fifty-two week low of $94.35 and a fifty-two week high of $179.93. The firm has a market capitalization of $12.17 billion, a PE ratio of 20.96, a P/E/G ratio of 11.77 and a beta of 1.56. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. The company’s 50-day moving average is $115.18 and its 200 day moving average is $122.54.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The company’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.07 EPS. As a group, research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource Company Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.