Knights of Columbus Asset Advisors LLC Trims Stake in Builders FirstSource, Inc. $BLDR

Knights of Columbus Asset Advisors LLC lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 56.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,336 shares of the company’s stock after selling 17,256 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Builders FirstSource were worth $1,617,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BLDR. Norges Bank purchased a new stake in Builders FirstSource in the 2nd quarter valued at about $147,994,000. Brave Warrior Advisors LLC increased its position in shares of Builders FirstSource by 47.2% during the second quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock valued at $213,223,000 after acquiring an additional 585,683 shares during the last quarter. Atreides Management LP purchased a new stake in shares of Builders FirstSource in the 2nd quarter valued at approximately $37,592,000. Moore Capital Management LP acquired a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $25,647,000. Finally, Bank of America Corp DE lifted its holdings in shares of Builders FirstSource by 42.7% in 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. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLDR has been the subject of several research reports. Robert W. Baird set a $135.00 target price on shares of Builders FirstSource in a report on Friday, October 31st. Loop Capital dropped their price objective on Builders FirstSource from $145.00 to $140.00 in a research note on Friday, October 31st. Vertical Research began coverage on Builders FirstSource in a report on Monday, October 20th. They issued a “sell” rating and a $109.41 price objective on the stock. DA Davidson decreased their target price on 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, Barclays raised their target price on Builders FirstSource from $123.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $133.97.

Builders FirstSource Stock Down 0.8%

Shares of NYSE BLDR opened at $114.36 on Friday. The stock has a market cap of $12.65 billion, a P/E ratio of 21.78, a PEG ratio of 14.00 and a beta of 1.57. The business’s fifty day simple moving average is $112.02 and its 200-day simple moving average is $121.34. Builders FirstSource, Inc. has a 12-month low of $94.35 and a 12-month high of $172.22. 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 (NYSE:BLDR) last released 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 firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 billion. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.Builders FirstSource’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.07 EPS. As a group, equities analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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.