Legal & General Group Plc Invests $19.55 Million in Builders FirstSource, Inc. $BLDR

Legal & General Group Plc acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 218,465 shares of the company’s stock, valued at approximately $19,548,000. Legal & General Group Plc owned approximately 0.20% of Builders FirstSource as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its holdings in Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Builders FirstSource during the second quarter valued at approximately $38,000. MUFG Securities EMEA plc acquired a new stake in Builders FirstSource during the second quarter worth approximately $38,000. Sunbelt Securities Inc. boosted its position in Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its stake in Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.8%

BLDR stock opened at $67.74 on Friday. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 74.44, a PEG ratio of 2.20 and a beta of 1.44. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $74.96 and a 200-day simple moving average of $82.79. Builders FirstSource, Inc. has a 52 week low of $65.10 and a 52 week high of $151.03.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the business posted $2.38 EPS. Builders FirstSource’s revenue was down 8.8% compared to the same quarter last year. On average, equities research analysts expect that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on BLDR. DA Davidson set a $68.00 price target on Builders FirstSource in a research note on Friday, July 31st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. Benchmark reduced their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Robert W. Baird set a $75.00 price target on Builders FirstSource in a research note on Friday, July 31st. Finally, Wolfe Research upgraded Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and a consensus target price of $90.35.

About Builders FirstSource

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.