Thornburg Investment Management Inc. Has $17.68 Million Stock Position in Builders FirstSource, Inc. $BLDR

Thornburg Investment Management Inc. cut its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 46.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,844 shares of the company’s stock after selling 125,730 shares during the period. Thornburg Investment Management Inc. owned approximately 0.13% of Builders FirstSource worth $17,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDR. State Street Corp increased its stake in Builders FirstSource by 0.6% during the 2nd quarter. State Street Corp now owns 5,026,553 shares of the company’s stock worth $586,548,000 after purchasing an additional 29,443 shares in the last quarter. Brave Warrior Advisors LLC lifted its position in Builders FirstSource by 47.2% in the 2nd quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock valued at $213,223,000 after acquiring an additional 585,683 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Builders FirstSource by 5.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,556,151 shares of the company’s stock worth $181,587,000 after purchasing an additional 74,681 shares during the period. Norges Bank bought a new position in Builders FirstSource during the 2nd quarter worth about $147,994,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Builders FirstSource by 1.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 924,296 shares of the company’s stock valued at $107,856,000 after purchasing an additional 14,430 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BLDR shares. William Blair started coverage on Builders FirstSource in a research report on Thursday. They issued an “outperform” rating on the stock. Stifel Nicolaus lowered their price objective on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Jefferies Financial Group reduced their target price on shares of Builders FirstSource from $112.00 to $110.00 and set a “hold” rating for the company in a report on Monday. Zacks Research lowered shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Builders FirstSource from $117.00 to $102.00 and set a “hold” rating for the company in a research note on Monday. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Builders FirstSource currently has an average rating of “Hold” and a consensus price target of $127.39.

Builders FirstSource Price Performance

NYSE:BLDR opened at $102.74 on Thursday. Builders FirstSource, Inc. has a 12-month low of $94.35 and a 12-month high of $151.03. The firm has a market capitalization of $11.36 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 2.68 and a beta of 1.56. The stock’s 50 day moving average price is $114.87 and its two-hundred day moving average price is $119.65. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, February 17th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the prior year, the firm posted $2.31 earnings per share. The business’s revenue was down 12.1% compared to the same quarter last year. On average, analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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.