Wellington Management Group LLP Lowers Stock Holdings in Builders FirstSource, Inc. $BLDR

Wellington Management Group LLP lowered its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 5.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,465,251 shares of the company’s stock after selling 214,206 shares during the period. Wellington Management Group LLP owned approximately 3.22% of Builders FirstSource worth $310,071,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Builders FirstSource during the 2nd quarter worth $700,934,000. Schwartz Investment Counsel Inc. raised its position in Builders FirstSource by 17.1% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 95,800 shares of the company’s stock valued at $9,857,000 after purchasing an additional 14,000 shares in the last quarter. Fiera Capital Corp raised its position in Builders FirstSource by 36.0% in the 4th quarter. Fiera Capital Corp now owns 653,839 shares of the company’s stock valued at $67,273,000 after purchasing an additional 173,230 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Builders FirstSource by 10.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,867 shares of the company’s stock valued at $24,993,000 after buying an additional 22,270 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Builders FirstSource by 99,084.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock valued at $230,634,000 after buying an additional 2,239,301 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

BLDR stock opened at $67.74 on Monday. The business has a 50 day moving average price of $74.96 and a 200 day moving average price of $82.50. 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 stock 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. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the company earned $2.38 earnings per share. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. Equities research analysts anticipate that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Benchmark cut their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Stifel Nicolaus lowered their price target on shares of Builders FirstSource from $76.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, July 23rd. Wolfe Research upgraded shares of Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Jefferies Financial Group decreased their price objective on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Finally, Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $90.35.

Builders FirstSource 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.