Jupiter Asset Management Ltd. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,372 shares of the company’s stock, valued at approximately $8,615,000. Jupiter Asset Management Ltd. owned about 0.05% of Builders FirstSource at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Builders FirstSource by 0.5% in the first quarter. Vanguard Group Inc. now owns 17,422,176 shares of the company’s stock worth $1,124,428,000 after purchasing an additional 86,484 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Builders FirstSource by 14.8% in the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock worth $727,819,000 after purchasing an additional 1,455,580 shares during the last quarter. State Street Corp grew its holdings in shares of Builders FirstSource by 0.4% in the first quarter. State Street Corp now owns 4,552,723 shares of the company’s stock worth $404,191,000 after purchasing an additional 17,357 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Builders FirstSource by 1.7% in the first quarter. Geode Capital Management LLC now owns 2,138,839 shares of the company’s stock worth $190,771,000 after purchasing an additional 35,562 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Builders FirstSource by 39.7% in the fourth quarter. Morgan Stanley now owns 1,448,679 shares of the company’s stock worth $93,990,000 after purchasing an additional 411,896 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
BLDR has been the topic of several recent research reports. Benchmark increased their target price on shares of Builders FirstSource from $153.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. BMO Capital Markets increased their target price on shares of Builders FirstSource from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, August 4th. Truist Financial dropped their target price on shares of Builders FirstSource from $175.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Loop Capital initiated coverage on shares of Builders FirstSource in a report on Thursday, August 31st. They set a “buy” rating and a $180.00 target price on the stock. Finally, Stephens dropped their target price on shares of Builders FirstSource from $175.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus price target of $140.77.
Builders FirstSource Stock Performance
BLDR stock opened at $133.59 on Friday. The firm has a market cap of $16.48 billion, a price-to-earnings ratio of 11.34 and a beta of 2.04. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.11 and a current ratio of 1.76. The firm has a 50-day simple moving average of $121.66 and a two-hundred day simple moving average of $128.47. Builders FirstSource, Inc. has a one year low of $59.39 and a one year high of $156.85.
Builders FirstSource (NYSE:BLDR – Get Free Report) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $4.24 EPS for the quarter, beating the consensus estimate of $4.05 by $0.19. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.88 billion. Builders FirstSource had a net margin of 9.10% and a return on equity of 41.27%. Builders FirstSource’s revenue was down 21.3% on a year-over-year basis. During the same period last year, the firm posted $5.20 EPS. On average, equities analysts forecast that Builders FirstSource, Inc. will post 13.72 EPS for the current fiscal year.
Builders FirstSource Company Profile
Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.
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