Brave Warrior Advisors LLC Acquires 585,683 Shares of Builders FirstSource, Inc. $BLDR

Brave Warrior Advisors LLC lifted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 47.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,827,261 shares of the company’s stock after buying an additional 585,683 shares during the quarter. Builders FirstSource comprises approximately 4.9% of Brave Warrior Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Brave Warrior Advisors LLC’s holdings in Builders FirstSource were worth $213,223,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Smithfield Trust Co boosted its stake in Builders FirstSource by 187.7% in the second quarter. Smithfield Trust Co now owns 420 shares of the company’s stock valued at $49,000 after acquiring an additional 274 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $67,000. Elevation Point Wealth Partners LLC bought a new position in shares of Builders FirstSource in the 2nd quarter worth $67,000. Smartleaf Asset Management LLC grew its stake in shares of Builders FirstSource by 21.0% during the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock worth $78,000 after purchasing an additional 109 shares during the period. Finally, Brooklyn Investment Group grew its stake in shares of Builders FirstSource by 363.9% during the first quarter. Brooklyn Investment Group now owns 719 shares of the company’s stock worth $90,000 after purchasing an additional 564 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on BLDR. Robert W. Baird set a $135.00 target price on Builders FirstSource in a report on Friday, October 31st. Vertical Research initiated coverage on shares of Builders FirstSource in a research report on Monday, October 20th. They issued a “sell” rating and a $109.41 price target on the stock. Stifel Nicolaus reduced their price objective on shares of Builders FirstSource from $128.00 to $124.00 in a research note on Monday, November 3rd. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Benchmark increased their target price on shares of Builders FirstSource from $138.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Builders FirstSource has an average rating of “Hold” and an average price target of $136.86.

Builders FirstSource Price Performance

Shares of BLDR opened at $108.41 on Friday. The stock has a 50 day simple moving average of $113.50 and a 200 day simple moving average of $122.42. Builders FirstSource, Inc. has a 52-week low of $94.35 and a 52-week high of $175.12. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. The firm has a market capitalization of $11.99 billion, a PE ratio of 20.65, a P/E/G ratio of 11.75 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.69 by $0.19. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The business’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the company posted $3.07 EPS. Sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.