Alps Advisors Inc. lessened its stake in Builders FirstSource, Inc. (NASDAQ:BLDR) by 35.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,946 shares of the company’s stock after selling 9,812 shares during the period. Alps Advisors Inc.’s holdings in Builders FirstSource were worth $369,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of BLDR. FMR LLC increased its stake in Builders FirstSource by 9.5% in the 1st quarter. FMR LLC now owns 1,703,004 shares of the company’s stock worth $22,718,000 after acquiring an additional 147,779 shares during the last quarter. First Trust Advisors LP increased its position in shares of Builders FirstSource by 192.1% during the 1st quarter. First Trust Advisors LP now owns 119,675 shares of the company’s stock valued at $1,596,000 after purchasing an additional 78,703 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of Builders FirstSource during the 2nd quarter valued at approximately $167,000. Convergence Investment Partners LLC bought a new position in shares of Builders FirstSource during the 2nd quarter valued at approximately $1,218,000. Finally, First Quadrant L P CA increased its position in shares of Builders FirstSource by 181.3% during the 2nd quarter. First Quadrant L P CA now owns 16,883 shares of the company’s stock valued at $285,000 after purchasing an additional 10,881 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.
BLDR has been the topic of several analyst reports. Seaport Global Securities reissued a “buy” rating on shares of Builders FirstSource in a research report on Monday, November 4th. Buckingham Research boosted their target price on Builders FirstSource from $17.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. DA Davidson boosted their target price on Builders FirstSource to $21.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. BidaskClub raised Builders FirstSource from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 21st. Finally, B. Riley boosted their target price on Builders FirstSource from $23.00 to $29.00 in a research report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Builders FirstSource presently has a consensus rating of “Buy” and an average price target of $20.90.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.12. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.87 billion. Builders FirstSource had a return on equity of 37.03% and a net margin of 3.17%. Builders FirstSource’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.67 EPS. As a group, equities analysts predict that Builders FirstSource, Inc. will post 1.99 EPS for the current year.
In other Builders FirstSource news, COO David E. Rush sold 12,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $24.53, for a total value of $294,360.00. Following the transaction, the chief operating officer now owns 54,886 shares of the company’s stock, valued at approximately $1,346,353.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.
Builders FirstSource Profile
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. 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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.
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