Builders FirstSource, Inc. $BLDR Holdings Boosted by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp raised its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 140.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,278 shares of the company’s stock after acquiring an additional 15,357 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Builders FirstSource were worth $3,186,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its position in Builders FirstSource by 21.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 53,130 shares of the company’s stock valued at $6,442,000 after purchasing an additional 9,264 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Builders FirstSource by 1.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 779,092 shares of the company’s stock worth $94,462,000 after buying an additional 12,225 shares during the period. Larson Financial Group LLC increased its position in Builders FirstSource by 17.4% in the third quarter. Larson Financial Group LLC now owns 3,205 shares of the company’s stock worth $389,000 after buying an additional 476 shares during the period. Lido Advisors LLC lifted its stake in Builders FirstSource by 89.4% in the third quarter. Lido Advisors LLC now owns 8,857 shares of the company’s stock valued at $1,074,000 after buying an additional 4,181 shares during the last quarter. Finally, Lighthouse Investment Partners LLC lifted its stake in Builders FirstSource by 89.1% in the third quarter. Lighthouse Investment Partners LLC now owns 8,000 shares of the company’s stock valued at $970,000 after buying an additional 3,770 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

Insider Activity at Builders FirstSource

In related news, Director Paul S. Levy purchased 50,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the transaction, the director owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This represents a 2.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.80% of the company’s stock.

Builders FirstSource Price Performance

Shares of BLDR opened at $87.05 on Tuesday. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 2.13 and a beta of 1.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. Builders FirstSource, Inc. has a one year low of $86.18 and a one year high of $151.03. The stock’s fifty day moving average is $112.46 and its 200-day moving average is $115.52.

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

Analyst Upgrades and Downgrades

BLDR has been the subject of several recent research reports. Zacks Research lowered shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. DA Davidson cut their price objective on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Benchmark reduced their target price on shares of Builders FirstSource from $142.00 to $138.00 and set a “buy” rating for the company in a research note on Friday, February 20th. BMO Capital Markets decreased their target price on shares of Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating for the company in a research report on Friday, February 20th. Finally, Jefferies Financial Group dropped their price target on shares of Builders FirstSource from $112.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $126.65.

About Builders FirstSource

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.