Guggenheim Capital LLC lessened its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) by 9.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,441 shares of the company’s stock after selling 2,586 shares during the quarter. Guggenheim Capital LLC’s holdings in Builders FirstSource were worth $1,381,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. EMC Capital Management lifted its position in Builders FirstSource by 15.2% in the 2nd quarter. EMC Capital Management now owns 1,181 shares of the company’s stock worth $63,000 after buying an additional 156 shares during the last quarter. Graham Capital Wealth Management LLC increased its stake in shares of Builders FirstSource by 0.7% during the second quarter. Graham Capital Wealth Management LLC now owns 24,555 shares of the company’s stock valued at $1,319,000 after buying an additional 174 shares during the period. Lmcg Investments LLC increased its stake in shares of Builders FirstSource by 1.4% during the third quarter. Lmcg Investments LLC now owns 13,753 shares of the company’s stock valued at $810,000 after buying an additional 189 shares during the period. United Capital Financial Advisers LLC increased its stake in shares of Builders FirstSource by 6.1% during the first quarter. United Capital Financial Advisers LLC now owns 4,643 shares of the company’s stock valued at $300,000 after buying an additional 268 shares during the period. Finally, Eaton Vance Management grew its stake in Builders FirstSource by 0.4% in the first quarter. Eaton Vance Management now owns 70,998 shares of the company’s stock worth $4,582,000 after purchasing an additional 315 shares during the period. Institutional investors own 94.71% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Robert W. Baird upped their price target on Builders FirstSource from $80.00 to $96.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 1st. Royal Bank of Canada boosted their target price on Builders FirstSource from $67.00 to $78.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 1st. Stephens dropped their target price on Builders FirstSource from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, November 9th. BMO Capital Markets downgraded Builders FirstSource from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $80.00 to $92.00 in a report on Wednesday, March 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Builders FirstSource from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.77.
Builders FirstSource Stock Up 2.9 %
Builders FirstSource (NYSE:BLDR – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.84. The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Builders FirstSource had a return on equity of 59.80% and a net margin of 12.10%. Builders FirstSource’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.78 earnings per share. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 7.05 EPS for the current 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.
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