American Century Companies Inc. Acquires 109,909 Shares of Builders FirstSource, Inc. $BLDR

American Century Companies Inc. grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 32.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 449,012 shares of the company’s stock after acquiring an additional 109,909 shares during the quarter. American Century Companies Inc. owned 0.41% of Builders FirstSource worth $54,443,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Builders FirstSource during the 2nd quarter valued at $147,994,000. Public Sector Pension Investment Board boosted its position in Builders FirstSource by 10,918.0% during the third quarter. Public Sector Pension Investment Board now owns 881,439 shares of the company’s stock valued at $106,874,000 after buying an additional 873,439 shares during the period. Westfield Capital Management Co. LP purchased a new stake in Builders FirstSource during the third quarter valued at about $74,694,000. Envestnet Asset Management Inc. grew its stake in shares of Builders FirstSource by 188.9% during the third quarter. Envestnet Asset Management Inc. now owns 912,144 shares of the company’s stock valued at $110,597,000 after buying an additional 596,409 shares during the last quarter. Finally, Brave Warrior Advisors LLC grew its stake in shares of Builders FirstSource by 47.2% during the second quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock valued at $213,223,000 after buying an additional 585,683 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Builders FirstSource from $117.00 to $102.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Royal Bank Of Canada upgraded Builders FirstSource from a “sector perform” rating to an “outperform” rating and set a $119.00 price objective for the company in a research report on Thursday. Jefferies Financial Group dropped their price objective on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Barclays cut their target price on shares of Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Finally, The Goldman Sachs Group lowered their price target on shares of Builders FirstSource from $150.00 to $142.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and an average target price of $127.81.

Builders FirstSource Stock Down 0.6%

Shares of Builders FirstSource stock opened at $95.41 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. Builders FirstSource, Inc. has a 12-month low of $94.17 and a 12-month high of $151.03. The company has a market cap of $10.55 billion, a P/E ratio of 24.59, a PEG ratio of 2.32 and a beta of 1.56. The company’s fifty day simple moving average is $114.35 and its two-hundred day simple moving average is $118.20.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the previous year, the firm posted $2.31 EPS. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. Research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource Company 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.