Builders FirstSource, Inc. $BLDR Holdings Reduced by Brave Warrior Advisors LLC

Brave Warrior Advisors LLC lowered its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,805,381 shares of the company’s stock after selling 21,880 shares during the period. Builders FirstSource accounts for 5.1% of Brave Warrior Advisors LLC’s investment portfolio, making the stock its 9th largest position. Brave Warrior Advisors LLC’s holdings in Builders FirstSource were worth $218,902,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in BLDR. Daiwa Securities Group Inc. increased its stake in shares of Builders FirstSource by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock worth $2,057,000 after acquiring an additional 78 shares during the last quarter. VestGen Advisors LLC boosted its position in shares of Builders FirstSource by 4.6% during the 2nd quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock valued at $227,000 after acquiring an additional 86 shares during the last quarter. Aprio Wealth Management LLC boosted its position in shares of Builders FirstSource by 2.7% during the 3rd quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock valued at $446,000 after acquiring an additional 98 shares during the last quarter. Ramirez Asset Management Inc. grew its holdings in shares of Builders FirstSource by 25.0% in the third quarter. Ramirez Asset Management Inc. now owns 500 shares of the company’s stock valued at $61,000 after purchasing an additional 100 shares during the period. Finally, IMA Advisory Services Inc. grew its holdings in shares of Builders FirstSource by 40.9% in the third quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock valued at $43,000 after purchasing an additional 103 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Trading Up 1.7%

Shares of NYSE BLDR opened at $88.10 on Friday. The stock has a fifty day simple moving average of $112.89 and a 200-day simple moving average of $116.08. Builders FirstSource, Inc. has a twelve month low of $86.18 and a twelve month high of $151.03. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $9.74 billion, a PE ratio of 22.71, a PEG ratio of 2.13 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last announced its 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 business’s revenue was down 12.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.31 earnings per share. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BLDR. Robert W. Baird reduced their target price on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Royal Bank Of Canada upgraded Builders FirstSource from a “sector perform” rating to an “outperform” rating and set a $119.00 target price on the stock in a research report on Thursday, March 5th. Barclays decreased their price target on Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. DA Davidson lowered their price target on Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Finally, UBS Group cut their price objective on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and a consensus target price of $127.81.

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.