Mediolanum International Funds Ltd Has $4.44 Million Stock Position in Builders FirstSource, Inc. $BLDR

Mediolanum International Funds Ltd cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 70.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,133 shares of the company’s stock after selling 89,857 shares during the period. Mediolanum International Funds Ltd’s holdings in Builders FirstSource were worth $4,441,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Builders FirstSource in the 2nd quarter worth about $147,994,000. Brave Warrior Advisors LLC increased its stake in shares of Builders FirstSource by 47.2% in the second quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock valued at $213,223,000 after buying an additional 585,683 shares during the period. Atreides Management LP bought a new position in Builders FirstSource in the 2nd quarter valued at approximately $37,592,000. Moore Capital Management LP acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $25,647,000. Finally, Bank of America Corp DE grew its holdings in Builders FirstSource by 42.7% during the 2nd quarter. Bank of America Corp DE now owns 598,135 shares of the company’s stock worth $69,796,000 after acquiring an additional 178,955 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, January 21st. Jefferies Financial Group raised their target price on Builders FirstSource from $110.00 to $112.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Loop Capital reduced their price target on Builders FirstSource from $145.00 to $140.00 in a research report on Friday, October 31st. Wells Fargo & Company assumed coverage on Builders FirstSource in a research report on Monday, November 17th. They set an “equal weight” rating and a $115.00 price objective for the company. Finally, Stifel Nicolaus cut their price objective on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $133.77.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $113.32 on Tuesday. The firm has a market capitalization of $12.53 billion, a P/E ratio of 21.58, a P/E/G ratio of 13.90 and a beta of 1.56. The firm’s 50-day moving average price is $112.27 and its 200-day moving average price is $121.21. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. Builders FirstSource, Inc. has a 1-year low of $94.35 and a 1-year high of $165.70.

About Builders FirstSource

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.