Foundation Resource Management Inc. Sells 13,225 Shares of Builders FirstSource, Inc. $BLDR

Foundation Resource Management Inc. lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 9.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,869 shares of the company’s stock after selling 13,225 shares during the quarter. Foundation Resource Management Inc. owned approximately 0.12% of Builders FirstSource worth $7,347,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC lifted its position in shares of Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares in the last quarter. Wedbush Securities Inc. boosted its stake in shares of Builders FirstSource by 5.3% in the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock worth $262,000 after acquiring an additional 147 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Builders FirstSource by 5.9% during the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock worth $238,000 after purchasing an additional 162 shares in the last quarter. Altshuler Shaham Ltd increased its position in shares of Builders FirstSource by 2.4% during the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock worth $626,000 after purchasing an additional 180 shares in the last quarter. Finally, Mufg Securities Americas Inc. increased its position in shares of Builders FirstSource by 5.9% during the second quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock worth $290,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on BLDR shares. Wells Fargo & Company decreased their price objective on Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday. KeyCorp dropped their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Oppenheimer dropped their target price on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday. Melius Research initiated coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 target price for the company. Finally, Weiss Ratings downgraded shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $83.54.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock traded down $1.84 on Monday, hitting $52.81. 2,461,255 shares of the company were exchanged, compared to its average volume of 2,539,682. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 58.04, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45. The company has a 50-day moving average price of $62.10 and a 200 day moving average price of $72.64. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results 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). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the company earned $2.38 earnings per share. Builders FirstSource’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

About Builders FirstSource

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.