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

AustralianSuper Pty Ltd trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 49.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 213,561 shares of the company’s stock after selling 206,916 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Builders FirstSource were worth $25,894,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $38,000. MUFG Securities EMEA plc purchased a new stake in Builders FirstSource in the second quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Builders FirstSource in the third quarter valued at $44,000. Root Financial Partners LLC acquired a new position in Builders FirstSource in the third quarter valued at $47,000. Finally, Mather Group LLC. purchased a new position in shares of Builders FirstSource during the third quarter worth about $48,000. 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. BMO Capital Markets reduced their target price on Builders FirstSource from $130.00 to $123.00 in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft reduced 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. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. Wells Fargo & Company began coverage on shares of Builders FirstSource in a research report on Monday, November 17th. They issued an “equal weight” rating and a $115.00 price target for the company. Finally, Benchmark increased their price target on shares of Builders FirstSource from $138.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $133.97.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $114.99 on Friday. The firm’s fifty day moving average price is $111.76 and its 200 day moving average price is $121.49. Builders FirstSource, Inc. has a 1-year low of $94.35 and a 1-year high of $173.84. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 14.23 and a beta of 1.57.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates 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%. Builders FirstSource’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.07 EPS. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current 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.