Thornburg Investment Management Inc. Trims Position in Builders FirstSource, Inc. $BLDR

Thornburg Investment Management Inc. trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 39.2% during the 2nd quarter, Holdings Channel reports. The firm owned 108,892 shares of the company’s stock after selling 70,212 shares during the period. Thornburg Investment Management Inc.’s holdings in Builders FirstSource were worth $9,744,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Builders FirstSource during the second quarter worth about $700,934,000. Schwartz Investment Counsel Inc. lifted its holdings in Builders FirstSource by 17.1% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 95,800 shares of the company’s stock worth $9,857,000 after purchasing an additional 14,000 shares in the last quarter. Fiera Capital Corp lifted its holdings in Builders FirstSource by 36.0% in the 4th quarter. Fiera Capital Corp now owns 653,839 shares of the company’s stock worth $67,273,000 after purchasing an additional 173,230 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Builders FirstSource by 10.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,867 shares of the company’s stock worth $24,993,000 after purchasing an additional 22,270 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Builders FirstSource by 99,084.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after purchasing an additional 2,239,301 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BLDR has been the topic of several recent analyst reports. Weiss Ratings cut shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. UBS Group lowered their target price on shares of Builders FirstSource from $122.00 to $88.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Wolfe Research upgraded shares of Builders FirstSource to a “hold” rating in a research report on Thursday, May 14th. Citigroup started coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They set a “market perform” rating for the company. Finally, Jefferies Financial Group reduced their price target on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and a consensus price target of $90.35.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $67.74 on Friday. Builders FirstSource, Inc. has a 52-week low of $65.10 and a 52-week high of $151.03. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The firm’s fifty day moving average is $74.96 and its 200 day moving average is $82.79. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 74.44, a PEG ratio of 2.20 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the business earned $2.38 earnings per share. The business’s quarterly revenue was down 8.8% on a year-over-year basis. Sell-side analysts forecast that Builders FirstSource, Inc. will post 3.15 EPS for the current fiscal year.

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.