First Trust Advisors LP Acquires 16,135 Shares of Builders FirstSource, Inc. $BLDR

First Trust Advisors LP lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 5.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 316,845 shares of the company’s stock after acquiring an additional 16,135 shares during the quarter. First Trust Advisors LP owned 0.29% of Builders FirstSource worth $36,973,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in Builders FirstSource by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock worth $401,948,000 after purchasing an additional 960,603 shares during the period. Invesco Ltd. grew its stake in shares of Builders FirstSource by 11.8% during the first quarter. Invesco Ltd. now owns 2,519,461 shares of the company’s stock valued at $314,781,000 after buying an additional 265,873 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Builders FirstSource by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company’s stock worth $280,387,000 after buying an additional 6,453 shares during the period. Voya Investment Management LLC lifted its stake in shares of Builders FirstSource by 29.9% in the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock valued at $229,809,000 after acquiring an additional 423,891 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Builders FirstSource by 5.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,556,151 shares of the company’s stock valued at $181,587,000 after acquiring an additional 74,681 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BLDR. BMO Capital Markets decreased their price target on Builders FirstSource from $130.00 to $123.00 in a research note on Wednesday, October 29th. Robert W. Baird set a $135.00 target price on shares of Builders FirstSource in a research note on Friday, October 31st. UBS Group increased their price target on shares of Builders FirstSource from $158.00 to $166.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wedbush reissued a “neutral” rating and issued a $145.00 price target on shares of Builders FirstSource in a report on Monday, September 15th. Finally, The Goldman Sachs Group decreased their price objective on shares of Builders FirstSource from $147.00 to $146.00 in a research report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $136.86.

Builders FirstSource Stock Down 2.3%

Shares of Builders FirstSource stock opened at $104.98 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. Builders FirstSource, Inc. has a 12-month low of $94.35 and a 12-month high of $175.46. The company has a market cap of $11.61 billion, a P/E ratio of 20.00, a PEG ratio of 11.49 and a beta of 1.56. The company’s fifty day simple moving average is $114.61 and its two-hundred day simple moving average is $122.60.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the previous year, the firm posted $3.07 EPS. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. Research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

About Builders FirstSource

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.