HRT Financial LP Acquires 31,116 Shares of Builders FirstSource, Inc. $BLDR

HRT Financial LP grew its position in Builders FirstSource, Inc. (NYSE:BLDR) by 18.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,819 shares of the company’s stock after purchasing an additional 31,116 shares during the quarter. HRT Financial LP’s holdings in Builders FirstSource were worth $23,316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Builders FirstSource by 0.6% during the 2nd quarter. State Street Corp now owns 5,026,553 shares of the company’s stock valued at $586,548,000 after acquiring an additional 29,443 shares in the last quarter. Wellington Management Group LLP grew its holdings in Builders FirstSource by 42.6% during the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock worth $401,948,000 after acquiring an additional 960,603 shares during the period. Dimensional Fund Advisors LP grew its stake in Builders FirstSource by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company’s stock worth $280,387,000 after purchasing an additional 6,453 shares during the period. Voya Investment Management LLC boosted its stake in Builders FirstSource by 29.9% during the first quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock worth $229,809,000 after acquiring an additional 423,891 shares in the last quarter. Finally, Brave Warrior Advisors LLC grew its holdings in Builders FirstSource by 47.2% in the second quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock worth $213,223,000 after purchasing an additional 585,683 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

NYSE BLDR opened at $108.41 on Friday. The company’s 50 day simple moving average is $113.50 and its two-hundred day simple moving average is $122.42. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. Builders FirstSource, Inc. has a 1 year low of $94.35 and a 1 year high of $175.12. The stock has a market capitalization of $11.99 billion, a PE ratio of 20.65, a P/E/G ratio of 11.75 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.19. The firm had revenue of $3.94 billion for 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 business’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.07 earnings per share. Analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BLDR shares. Wells Fargo & Company initiated coverage on Builders FirstSource in a research report on Monday, November 17th. They issued an “equal weight” rating and a $115.00 target price for the company. Robert W. Baird set a $135.00 price objective on shares of Builders FirstSource in a report on Friday, October 31st. Stifel Nicolaus cut their target price on Builders FirstSource from $128.00 to $124.00 in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Finally, BMO Capital Markets lowered their price objective on shares of Builders FirstSource from $130.00 to $123.00 in a research report on Wednesday, October 29th. Ten equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $136.86.

Builders FirstSource Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. 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, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.