Moody Lynn & Lieberson LLC Takes $8.93 Million Position in Builders FirstSource, Inc. $BLDR

Moody Lynn & Lieberson LLC bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, Holdings Channel.com reports. The firm bought 73,612 shares of the company’s stock, valued at approximately $8,925,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Builders FirstSource by 0.6% in the second quarter. State Street Corp now owns 5,026,553 shares of the company’s stock valued at $586,548,000 after purchasing an additional 29,443 shares during the period. Voya Investment Management LLC increased its holdings in 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 buying an additional 423,891 shares during the period. Brave Warrior Advisors LLC raised its position in Builders FirstSource by 47.2% during the 2nd quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock worth $213,223,000 after buying an additional 585,683 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Builders FirstSource by 5.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,556,151 shares of the company’s stock valued at $181,587,000 after acquiring an additional 74,681 shares during the period. Finally, Norges Bank purchased a new stake in shares of Builders FirstSource in the 2nd quarter valued at $147,994,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Down 0.3%

Shares of BLDR stock opened at $103.17 on Wednesday. Builders FirstSource, Inc. has a 1-year low of $94.35 and a 1-year high of $175.12. The company has a market cap of $11.41 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 11.00 and a beta of 1.56. 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 stock has a 50 day simple moving average of $108.34 and a 200-day simple moving average of $121.93.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BLDR shares. Wells Fargo & Company initiated coverage on shares of Builders FirstSource in a report on Monday, November 17th. They set an “equal weight” rating and a $115.00 target price for the company. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. UBS Group raised their target price on Builders FirstSource from $158.00 to $166.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wedbush reissued a “neutral” rating and issued a $145.00 price target on shares of Builders FirstSource in a report on Monday, September 15th. Finally, BMO Capital Markets dropped their price objective on shares of Builders FirstSource from $130.00 to $123.00 in a research note on Wednesday, October 29th. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and a consensus 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.