MML Investors Services LLC lessened its position in shares of Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) by 6.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,761 shares of the company’s stock after selling 1,132 shares during the quarter. MML Investors Services LLC’s holdings in Builders FirstSource were worth $988,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in BLDR. Vanguard Group Inc. raised its position in Builders FirstSource by 0.5% in the first quarter. Vanguard Group Inc. now owns 17,422,176 shares of the company’s stock valued at $1,124,428,000 after purchasing an additional 86,484 shares during the period. Wellington Management Group LLP raised its position in Builders FirstSource by 14.8% in the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock valued at $727,819,000 after purchasing an additional 1,455,580 shares during the period. Coliseum Capital Management LLC raised its position in Builders FirstSource by 16.4% in the second quarter. Coliseum Capital Management LLC now owns 6,462,850 shares of the company’s stock valued at $347,055,000 after purchasing an additional 909,392 shares during the period. Dimensional Fund Advisors LP raised its position in Builders FirstSource by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,563,913 shares of the company’s stock valued at $268,900,000 after purchasing an additional 64,900 shares during the period. Finally, AQR Capital Management LLC raised its position in Builders FirstSource by 100.7% in the second quarter. AQR Capital Management LLC now owns 2,092,221 shares of the company’s stock valued at $108,000,000 after purchasing an additional 1,049,896 shares during the period. Hedge funds and other institutional investors own 94.71% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. BMO Capital Markets lowered Builders FirstSource from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $80.00 to $92.00 in a research report on Wednesday. Zelman & Associates downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21st. Stifel Nicolaus dropped their price target on shares of Builders FirstSource from $92.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, December 19th. DA Davidson boosted their price target on shares of Builders FirstSource from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Barclays boosted their price target on shares of Builders FirstSource from $85.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.77.
Builders FirstSource Stock Performance
Builders FirstSource (NYSE:BLDR – Get Rating) last announced its quarterly earnings results on Tuesday, February 28th. The company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.84. Builders FirstSource had a net margin of 12.10% and a return on equity of 59.80%. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the previous year, the company earned $2.78 earnings per share. Builders FirstSource’s quarterly revenue was down 6.0% compared to the same quarter last year. Sell-side analysts predict that Builders FirstSource, Inc. will post 6.74 earnings per share for the current fiscal year.
About Builders FirstSource
Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood.
See Also
- Get a free copy of the StockNews.com research report on Builders FirstSource (BLDR)
- The 3 Most Upgraded Stocks Are Reversing
- How to Find Blue Chip Dividend Stocks
- Zscaler, Inc Plummets, Is It Time To Buy The Dip?
- What is a Good Dividend Yield? How to Decide
- Taiwan Semiconductor Manufacturing Expanding in the West
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.
