Rakuten Investment Management Inc. Acquires New Stake in Builders FirstSource, Inc. $BLDR

Rakuten Investment Management Inc. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,404 shares of the company’s stock, valued at approximately $1,032,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLDR. Integrated Wealth Concepts LLC grew its position in shares of Builders FirstSource by 9.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after buying an additional 295 shares during the last quarter. Woodline Partners LP raised its position in shares of Builders FirstSource by 40.7% during the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after acquiring an additional 2,812 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Builders FirstSource by 180.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock worth $185,000 after acquiring an additional 1,017 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Builders FirstSource by 230.7% in the second quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock worth $2,210,000 after acquiring an additional 13,215 shares during the period. Finally, Jump Financial LLC boosted its holdings in Builders FirstSource by 144.1% in the second quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock valued at $843,000 after acquiring an additional 4,264 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Down 1.9%

BLDR opened at $66.42 on Tuesday. Builders FirstSource, Inc. has a 1-year low of $65.10 and a 1-year high of $151.03. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The company has a market cap of $7.15 billion, a P/E ratio of 72.99, a price-to-earnings-growth ratio of 2.20 and a beta of 1.44. The company has a fifty day moving average price of $74.74 and a two-hundred day moving average price of $82.06.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BLDR shares. Stifel Nicolaus lowered their price target on shares of Builders FirstSource from $76.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, July 23rd. Citizens Jmp assumed coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating on the stock. Wells Fargo & Company reduced their price objective on shares of Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. 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. Finally, Zacks Research lowered Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $90.35.

Builders FirstSource Profile

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.