DAVENPORT & Co LLC Raises Position in Builders FirstSource, Inc. $BLDR

DAVENPORT & Co LLC raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 43.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,313 shares of the company’s stock after acquiring an additional 8,236 shares during the quarter. DAVENPORT & Co LLC’s holdings in Builders FirstSource were worth $2,815,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its position in shares of Builders FirstSource by 9.3% during the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after purchasing an additional 295 shares in the last quarter. Woodline Partners LP raised its holdings in Builders FirstSource by 40.7% in the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after purchasing an additional 2,812 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Builders FirstSource by 1.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 924,296 shares of the company’s stock valued at $107,856,000 after buying an additional 14,430 shares during the period. Prudential Financial Inc. lifted its position in Builders FirstSource by 3.8% during the second quarter. Prudential Financial Inc. now owns 69,919 shares of the company’s stock valued at $8,159,000 after buying an additional 2,558 shares during the period. Finally, CreativeOne Wealth LLC boosted its holdings in shares of Builders FirstSource by 21.5% during the 2nd quarter. CreativeOne Wealth LLC now owns 4,586 shares of the company’s stock valued at $535,000 after buying an additional 810 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. 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 research report on Wednesday, February 18th. William Blair assumed coverage on shares of Builders FirstSource in a research note on Thursday, February 26th. They set an “outperform” rating on the stock. DA Davidson cut their price objective on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Finally, Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, March 20th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Builders FirstSource presently has an average rating of “Hold” and a consensus target price of $126.65.

Builders FirstSource Stock Down 2.1%

Shares of Builders FirstSource stock opened at $80.47 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. The stock has a market capitalization of $8.90 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.98 and a beta of 1.56. Builders FirstSource, Inc. has a 52-week low of $80.00 and a 52-week high of $151.03. The company has a 50-day simple moving average of $105.98 and a two-hundred day simple moving average of $112.30.

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

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy bought 50,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were acquired at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the purchase, the director owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This trade represents a 2.98% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

About Builders FirstSource

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.