Builders FirstSource, Inc. $BLDR Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 49.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 213,561 shares of the company’s stock after selling 206,916 shares during the period. AustralianSuper Pty Ltd owned approximately 0.19% of Builders FirstSource worth $25,894,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of BLDR. Mirae Asset Global Investments Co. Ltd. raised its holdings in Builders FirstSource by 9.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,741 shares of the company’s stock valued at $1,909,000 after buying an additional 1,411 shares during the period. Truist Financial Corp increased its position in shares of Builders FirstSource by 23.1% during the third quarter. Truist Financial Corp now owns 15,645 shares of the company’s stock valued at $1,897,000 after acquiring an additional 2,936 shares during the last quarter. J. Safra Sarasin Holding AG raised its stake in shares of Builders FirstSource by 236.9% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 9,363 shares of the company’s stock valued at $1,135,000 after acquiring an additional 6,584 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Builders FirstSource by 3.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,096 shares of the company’s stock worth $1,346,000 after acquiring an additional 326 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Builders FirstSource by 1.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 50,503 shares of the company’s stock worth $6,123,000 after acquiring an additional 512 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $114.99 on Friday. The business has a 50-day simple moving average of $111.76 and a 200-day simple moving average of $121.49. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. Builders FirstSource, Inc. has a one year low of $94.35 and a one year high of $173.84. The company has a market cap of $12.72 billion, a PE ratio of 21.90, a P/E/G ratio of 14.23 and a beta of 1.57.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter last year, the company earned $3.07 earnings per share. The firm’s revenue was down 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on BLDR shares. Deutsche Bank Aktiengesellschaft cut their target price on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Wells Fargo & Company assumed coverage on Builders FirstSource in a research note on Monday, November 17th. They set an “equal weight” rating and a $115.00 target price on the stock. Jefferies Financial Group raised their target price on Builders FirstSource from $110.00 to $112.00 and gave the company a “hold” rating in a report on Monday. DA Davidson cut their price target on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Finally, Benchmark raised their price objective on shares of Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $133.97.

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.