Frontier Capital Management Co. LLC grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,920,148 shares of the company's stock after buying an additional 122,302 shares during the quarter. Builders FirstSource accounts for about 1.2% of Frontier Capital Management Co. LLC's investment portfolio, making the stock its 9th largest holding. Frontier Capital Management Co. LLC owned about 1.09% of Builders FirstSource worth $103,112,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. HG Vora Capital Management LLC bought a new position in Builders FirstSource during the first quarter worth $96,810,000. Wellington Management Group LLP lifted its stake in Builders FirstSource by 14.8% in the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company's stock valued at $727,819,000 after buying an additional 1,455,580 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in Builders FirstSource in the first quarter valued at $28,725,000. Goldman Sachs Group Inc. lifted its stake in Builders FirstSource by 38.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,405,938 shares of the company's stock valued at $90,739,000 after buying an additional 391,933 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Builders FirstSource in the fourth quarter valued at $33,395,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.
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A number of research firms have issued reports on BLDR. B. Riley raised their target price on Builders FirstSource from $71.00 to $75.00 in a research note on Tuesday, August 2nd. Barclays raised 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. Deutsche Bank Aktiengesellschaft assumed coverage on Builders FirstSource in a report on Wednesday, August 17th. They set a "buy" rating and a $93.00 price target on the stock. Robert W. Baird raised their price target on Builders FirstSource from $74.00 to $100.00 and gave the company an "outperform" rating in a report on Tuesday, August 2nd. Finally, BTIG Research lowered Builders FirstSource from a "buy" rating to a "neutral" rating in a report on Tuesday, August 2nd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.77.
Builders FirstSource Price Performance
NYSE:BLDR traded down $1.15 during mid-day trading on Thursday, reaching $57.31. 36,806 shares of the stock were exchanged, compared to its average volume of 2,314,550. The business has a fifty day moving average price of $62.78 and a 200 day moving average price of $62.99. The firm has a market capitalization of $8.94 billion, a PE ratio of 4.00 and a beta of 2.20. Builders FirstSource, Inc. has a 1-year low of $48.91 and a 1-year high of $86.48. 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 issued its quarterly earnings results on Monday, August 1st. The company reported $6.26 earnings per share for the quarter, topping analysts' consensus estimates of $2.91 by $3.35. The firm had revenue of $6.93 billion for the quarter, compared to analysts' expectations of $5.55 billion. Builders FirstSource had a return on equity of 58.32% and a net margin of 11.79%. Builders FirstSource's revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the business posted $2.76 EPS. Research analysts expect that Builders FirstSource, Inc. will post 15.86 earnings per share for the current fiscal year.
Builders FirstSource Company 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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