Foundation Resource Management Inc. Sells 13,225 Shares of Builders FirstSource, Inc. $BLDR

Foundation Resource Management Inc. decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 9.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,869 shares of the company’s stock after selling 13,225 shares during the quarter. Foundation Resource Management Inc.’s holdings in Builders FirstSource were worth $7,347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BLDR. BlackRock Inc. purchased a new stake in shares of Builders FirstSource in the second quarter valued at about $700,934,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Builders FirstSource during the second quarter worth about $134,908,000. Bank of America Corp DE acquired a new stake in Builders FirstSource during the second quarter worth about $83,832,000. Fort Washington Investment Advisors Inc. OH purchased a new position in Builders FirstSource during the third quarter worth about $48,738,000. Finally, Jupiter Topco LLC purchased a new position in Builders FirstSource during the second quarter worth about $73,935,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Down 3.4%

Shares of NYSE BLDR traded down $1.84 during mid-day trading on Monday, reaching $52.81. 2,461,255 shares of the company’s stock were exchanged, compared to its average volume of 2,539,682. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 58.04, a PEG ratio of 1.79 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The company’s 50-day moving average is $62.10 and its 200-day moving average is $72.64.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.38 earnings per share. Analysts expect that Builders FirstSource, Inc. will post 3.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BLDR has been the topic of several recent analyst reports. Citizens Jmp started coverage on shares of Builders FirstSource in a report on Friday, August 21st. They issued a “market perform” rating on the stock. Wells Fargo & Company dropped their price target on shares of Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday. BMO Capital Markets restated a “market perform” rating and set a $80.00 price target on shares of Builders FirstSource in a report on Thursday, August 6th. Oppenheimer reduced their price target on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Benchmark reduced their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of “Hold” and a consensus price target of $83.54.

About Builders FirstSource

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.