Xponance Inc. Decreases Stock Holdings in Builders FirstSource, Inc. $BLDR

Xponance Inc. cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 39.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,766 shares of the company’s stock after selling 9,634 shares during the quarter. Xponance Inc.’s holdings in Builders FirstSource were worth $1,790,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. TD Waterhouse Canada Inc. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth $34,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $38,000. MUFG Securities EMEA plc bought a new position in shares of Builders FirstSource in the 2nd quarter valued at about $38,000. IMA Advisory Services Inc. grew its position in Builders FirstSource by 40.9% in the third quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock worth $43,000 after acquiring an additional 103 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Builders FirstSource during the third quarter worth approximately $44,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Stephens dropped their target price on Builders FirstSource from $137.00 to $125.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Wells Fargo & Company lifted their price objective on shares of Builders FirstSource from $115.00 to $120.00 and gave the stock a “cautious” rating in a research note on Wednesday, February 11th. Zacks Research cut shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, January 21st. Finally, William Blair began coverage on shares of Builders FirstSource in a report on Thursday, February 26th. They set an “outperform” rating on the stock. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $127.39.

Builders FirstSource Trading Down 1.9%

Shares of NYSE BLDR opened at $97.52 on Wednesday. Builders FirstSource, Inc. has a twelve month low of $94.17 and a twelve month high of $151.03. The firm has a market cap of $10.79 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 2.40 and a beta of 1.56. The business has a fifty day simple moving average of $114.67 and a two-hundred day simple moving average of $118.52. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.18). The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The business’s quarterly revenue was down 12.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.31 EPS. Analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share 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.