Builders FirstSource, Inc. $BLDR Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.6% in the third quarter, HoldingsChannel.com reports. The firm owned 1,469,801 shares of the company’s stock after selling 54,481 shares during the quarter. Baillie Gifford & Co.’s holdings in Builders FirstSource were worth $178,213,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators increased its position in Builders FirstSource by 12.8% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,378 shares of the company’s stock worth $167,000 after purchasing an additional 156 shares during the period. Strs Ohio grew its position in shares of Builders FirstSource by 24.0% in the third quarter. Strs Ohio now owns 118,594 shares of the company’s stock valued at $14,380,000 after purchasing an additional 22,926 shares during the period. Rakuten Investment Management Inc. acquired a new stake in shares of Builders FirstSource in the third quarter worth approximately $1,692,000. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Builders FirstSource by 2.9% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,805 shares of the company’s stock worth $6,281,000 after buying an additional 1,436 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Builders FirstSource in the third quarter worth $44,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $122.38 on Friday. The firm has a market cap of $13.53 billion, a price-to-earnings ratio of 23.31, a P/E/G ratio of 15.22 and a beta of 1.57. Builders FirstSource, Inc. has a 1 year low of $94.35 and a 1 year high of $175.12. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. The business has a fifty day simple moving average of $110.15 and a 200 day simple moving average of $121.91.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.69 by $0.19. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.07 earnings per share. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BLDR. Deutsche Bank Aktiengesellschaft lowered their price objective on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Robert W. Baird set a $135.00 target price on Builders FirstSource in a research report on Friday, October 31st. Stifel Nicolaus decreased their price objective on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. UBS Group lowered their target price on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th. Finally, Stephens reissued an “equal weight” rating and issued a $137.00 price objective on shares of Builders FirstSource in a research note on Tuesday. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $133.87.

Builders FirstSource 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.