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Exane Derivatives Reduces Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

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Exane Derivatives lowered its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,496 shares of the company's stock after selling 196 shares during the period. Exane Derivatives' holdings in Builders FirstSource were worth $134,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of Builders FirstSource by 1.3% in the first quarter. Principal Financial Group Inc. now owns 982,655 shares of the company's stock worth $63,421,000 after buying an additional 12,393 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Builders FirstSource in the first quarter worth $332,000. AE Wealth Management LLC purchased a new stake in shares of Builders FirstSource in the first quarter worth $627,000. Gibson Wealth Advisors LLC purchased a new stake in shares of Builders FirstSource in the fourth quarter worth $26,000. Finally, National Bank of Canada FI raised its position in shares of Builders FirstSource by 2,460.6% in the first quarter. National Bank of Canada FI now owns 250,320 shares of the company's stock worth $16,156,000 after buying an additional 240,544 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BLDR. Stephens lowered their price objective on Builders FirstSource from $100.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, July 28th. BTIG Research downgraded Builders FirstSource from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 2nd. Barclays increased their target price on Builders FirstSource from $86.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, August 2nd. B. Riley increased their target price on Builders FirstSource from $71.00 to $75.00 in a research note on Tuesday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on Builders FirstSource in a research note on Wednesday, August 17th. They issued a "buy" rating and a $93.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of "Moderate Buy" and a consensus price target of $91.77.

Builders FirstSource Stock Down 1.5 %

Shares of NYSE:BLDR opened at $56.31 on Wednesday. The stock's 50-day moving average price is $63.85 and its 200-day moving average price is $63.63. Builders FirstSource, Inc. has a 12-month low of $48.91 and a 12-month high of $86.48. The stock has a market capitalization of $8.79 billion, a P/E ratio of 3.86 and a beta of 2.20. The company has a current ratio of 2.09, a quick ratio of 1.27 and a debt-to-equity ratio of 0.69.

Builders FirstSource (NYSE:BLDR – Get Rating) last announced its quarterly earnings data on Monday, August 1st. The company reported $6.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.91 by $3.35. Builders FirstSource had a return on equity of 58.32% and a net margin of 11.79%. The firm had revenue of $6.93 billion for the quarter, compared to analysts' expectations of $5.55 billion. During the same period last year, the firm earned $2.76 earnings per share. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 15.86 earnings per share for the current year.

Builders FirstSource Profile

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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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name.

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