Baillie Gifford & Co. Lowers Stock Holdings in Builders FirstSource, Inc. $BLDR

Baillie Gifford & Co. reduced its position in Builders FirstSource, Inc. (NYSE:BLDR) by 3.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,469,801 shares of the company’s stock after selling 54,481 shares during the quarter. Baillie Gifford & Co. owned about 1.33% of Builders FirstSource worth $178,213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLDR. Daiwa Securities Group Inc. boosted its position in shares of Builders FirstSource by 0.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after acquiring an additional 78 shares during the last quarter. VestGen Advisors LLC boosted its position in shares of Builders FirstSource by 4.6% in the 2nd quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock worth $227,000 after purchasing an additional 86 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Builders FirstSource by 3.1% during the second quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock valued at $354,000 after acquiring an additional 90 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in Builders FirstSource by 0.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,858 shares of the company’s stock worth $1,967,000 after acquiring an additional 131 shares during the last quarter. Finally, CX Institutional lifted its stake in Builders FirstSource by 15.8% during the 3rd quarter. CX Institutional now owns 958 shares of the company’s stock valued at $116,000 after acquiring an additional 131 shares during the period. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

BLDR has been the topic of several analyst reports. Wells Fargo & Company began coverage on Builders FirstSource in a research report on Monday, November 17th. They set an “equal weight” rating and a $115.00 target price on the stock. Benchmark increased their target price on shares of Builders FirstSource from $138.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Barclays lifted their price target on shares of Builders FirstSource from $123.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Finally, BMO Capital Markets reduced their price target on Builders FirstSource from $130.00 to $123.00 in a report on Wednesday, October 29th. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $133.87.

Builders FirstSource Price Performance

Shares of BLDR opened at $122.38 on Friday. Builders FirstSource, Inc. has a fifty-two week low of $94.35 and a fifty-two week high of $175.12. The company has a market capitalization of $13.53 billion, a P/E ratio of 23.31, a P/E/G ratio of 15.22 and a beta of 1.57. The business’s 50-day moving average is $110.15 and its two-hundred day moving average is $121.91. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79.

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

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.