Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 155.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,090 shares of the company’s stock after acquiring an additional 28,680 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Builders FirstSource were worth $861,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BLDR. Millennium Management LLC acquired a new stake in shares of Builders FirstSource during the 1st quarter valued at approximately $15,212,000. Stifel Financial Corp lifted its position in shares of Builders FirstSource by 405.3% during the 1st quarter. Stifel Financial Corp now owns 595,024 shares of the company’s stock valued at $11,853,000 after acquiring an additional 477,272 shares during the period. Park West Asset Management LLC lifted its position in shares of Builders FirstSource by 86.3% during the 1st quarter. Park West Asset Management LLC now owns 970,333 shares of the company’s stock valued at $19,251,000 after acquiring an additional 449,622 shares during the period. Rubric Capital Management LP lifted its position in shares of Builders FirstSource by 212.5% during the 1st quarter. Rubric Capital Management LP now owns 625,000 shares of the company’s stock valued at $12,400,000 after acquiring an additional 425,000 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Builders FirstSource by 222.3% during the 1st quarter. JPMorgan Chase & Co. now owns 466,454 shares of the company’s stock valued at $9,255,000 after acquiring an additional 321,735 shares during the period. Institutional investors own 95.38% of the company’s stock.

A number of brokerages have recently weighed in on BLDR. Zacks Investment Research cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Barclays dropped their price objective on shares of Builders FirstSource from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday, August 13th. MKM Partners began coverage on shares of Builders FirstSource in a research note on Wednesday, June 27th. They set a “neutral” rating and a $20.00 price objective for the company. BidaskClub cut shares of Builders FirstSource from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 14th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $25.00 price objective (down from $28.00) on shares of Builders FirstSource in a research note on Thursday, August 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Builders FirstSource presently has an average rating of “Hold” and an average target price of $22.36.

Shares of BLDR opened at $17.09 on Monday. The company has a debt-to-equity ratio of 4.23, a current ratio of 2.04 and a quick ratio of 1.12. Builders FirstSource, Inc. has a 1-year low of $14.39 and a 1-year high of $23.28. The company has a market cap of $1.94 billion, a PE ratio of 13.46 and a beta of 2.07.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.02). Builders FirstSource had a return on equity of 44.19% and a net margin of 1.03%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.06 billion. sell-side analysts expect that Builders FirstSource, Inc. will post 1.87 earnings per share for the current fiscal year.

In other Builders FirstSource news, Director Cleveland A. Christophe sold 30,000 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $16.07, for a total value of $482,100.00. Following the completion of the sale, the director now directly owns 24,991 shares of the company’s stock, valued at approximately $401,605.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert C. Griffin sold 16,756 shares of Builders FirstSource stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $17.15, for a total transaction of $287,365.40. Following the completion of the sale, the director now directly owns 30,104 shares of the company’s stock, valued at $516,283.60. The disclosure for this sale can be found here. Insiders sold a total of 131,686 shares of company stock valued at $2,463,546 over the last ninety days. 2.30% of the stock is owned by corporate insiders.

About Builders FirstSource

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

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Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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