William Blair Investment Management LLC Has $367.72 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

William Blair Investment Management LLC reduced its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 34.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,703,849 shares of the company’s stock after selling 1,414,895 shares during the quarter. Builders FirstSource accounts for about 1.2% of William Blair Investment Management LLC’s holdings, making the stock its 10th biggest holding. William Blair Investment Management LLC owned approximately 2.16% of Builders FirstSource worth $367,723,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bessemer Group Inc. increased its holdings in Builders FirstSource by 93.6% in the 2nd quarter. Bessemer Group Inc. now owns 242 shares of the company’s stock worth $33,000 after purchasing an additional 117 shares in the last quarter. Financial Management Professionals Inc. increased its stake in shares of Builders FirstSource by 1,447.1% in the second quarter. Financial Management Professionals Inc. now owns 263 shares of the company’s stock valued at $36,000 after buying an additional 246 shares during the period. BOKF NA acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $27,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Builders FirstSource by 27.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 424 shares of the company’s stock valued at $58,000 after buying an additional 92 shares during the period. Finally, Hanseatic Management Services Inc. increased its stake in shares of Builders FirstSource by 592.4% in the second quarter. Hanseatic Management Services Inc. now owns 457 shares of the company’s stock valued at $62,000 after buying an additional 391 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded up $1.12 during mid-day trading on Monday, hitting $134.71. The company had a trading volume of 634,640 shares, compared to its average volume of 1,880,223. The company has a market capitalization of $16.62 billion, a price-to-earnings ratio of 11.34 and a beta of 2.04. Builders FirstSource, Inc. has a 1 year low of $59.39 and a 1 year high of $156.85. The company has a current ratio of 1.76, a quick ratio of 1.11 and a debt-to-equity ratio of 0.74. The stock’s 50-day moving average price is $121.66 and its 200-day moving average price is $128.59.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Wednesday, November 1st. The company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.19. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.88 billion. Builders FirstSource had a return on equity of 41.27% and a net margin of 9.10%. The company’s quarterly revenue was down 21.3% compared to the same quarter last year. During the same period in the prior year, the company earned $5.20 EPS. On average, sell-side analysts forecast that Builders FirstSource, Inc. will post 13.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BLDR shares. Royal Bank of Canada decreased their price target on Builders FirstSource from $188.00 to $152.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Loop Capital began coverage on Builders FirstSource in a research note on Thursday, August 31st. They set a “buy” rating and a $180.00 target price for the company. Truist Financial decreased their target price on Builders FirstSource from $175.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Benchmark raised their target price on Builders FirstSource from $153.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of Builders FirstSource in a research note on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.77.

About Builders FirstSource

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.