Builders FirstSource, Inc. $BLDR Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 226.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 87,159 shares of the company’s stock after buying an additional 60,472 shares during the period. Osaic Holdings Inc. owned 0.08% of Builders FirstSource worth $10,639,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Builders FirstSource in the second quarter valued at $147,994,000. Brave Warrior Advisors LLC purchased a new position in shares of Builders FirstSource in the 1st quarter worth about $155,123,000. Voya Investment Management LLC raised its holdings in shares of Builders FirstSource by 29.9% in the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock worth $229,809,000 after purchasing an additional 423,891 shares during the period. Atreides Management LP acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at about $37,592,000. Finally, Coliseum Capital Management LLC grew its holdings in shares of Builders FirstSource by 75.0% during the 1st quarter. Coliseum Capital Management LLC now owns 555,041 shares of the company’s stock worth $69,347,000 after purchasing an additional 237,864 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $103.85 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. The company’s fifty day moving average price is $111.23 and its two-hundred day moving average price is $122.28. The firm has a market capitalization of $11.48 billion, a P/E ratio of 19.78, a P/E/G ratio of 11.23 and a beta of 1.56. Builders FirstSource, Inc. has a 12 month low of $94.35 and a 12 month high of $175.12.

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

Analysts Set New Price Targets

BLDR has been the topic of several research reports. Barclays cut their price target on shares of Builders FirstSource from $124.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. UBS Group increased their price objective on shares of Builders FirstSource from $158.00 to $166.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Loop Capital reduced their target price on shares of Builders FirstSource from $145.00 to $140.00 in a report on Friday, October 31st. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Benchmark increased their price target on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a report on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $135.07.

Builders FirstSource Company 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.