Builders FirstSource, Inc. $BLDR Stock: ProShare Advisors LLC Decreases Stake

ProShare Advisors LLC cut its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 77.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,660 shares of the company’s stock after selling 15,606 shares during the quarter. ProShare Advisors LLC’s holdings in Builders FirstSource were worth $266,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BLDR. Harbor Island Capital LLC acquired a new stake in Builders FirstSource in the 3rd quarter worth $12,524,000. Nisa Investment Advisors LLC raised its position in shares of Builders FirstSource by 40,460.9% during the third quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company’s stock valued at $41,761,000 after buying an additional 730,723 shares during the last quarter. Louisbourg Investments Inc. bought a new stake in shares of Builders FirstSource in the third quarter valued at about $1,949,000. BlackRock Inc. bought a new stake in shares of Builders FirstSource in the second quarter valued at about $700,934,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of Builders FirstSource in the third quarter valued at about $3,218,000. 95.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Robert W. Baird set a $75.00 price target on Builders FirstSource in a report on Friday, July 31st. Citigroup reiterated a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. UBS Group decreased their price objective on Builders FirstSource from $88.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Deutsche Bank set a $66.00 price objective on Builders FirstSource in a research report on Friday, July 31st. Finally, Oppenheimer cut their target price on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $60.16 on Friday. The stock’s fifty day simple moving average is $58.76 and its 200 day simple moving average is $78.00. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 162.60, a P/E/G ratio of 1.66 and a beta of 1.41. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the business earned $1.88 earnings per share. The business’s revenue was down 2.2% on a year-over-year basis. On average, analysts expect that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

Builders FirstSource Company Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.