Tran Capital Management L.P. Has $12.39 Million Stake in Builders FirstSource, Inc. $BLDR

Tran Capital Management L.P. boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2,930.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,154 shares of the company’s stock after acquiring an additional 98,783 shares during the quarter. Builders FirstSource accounts for 1.5% of Tran Capital Management L.P.’s portfolio, making the stock its 23rd largest position. Tran Capital Management L.P.’s holdings in Builders FirstSource were worth $12,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLDR. Baird Financial Group Inc. lifted its holdings in Builders FirstSource by 30.4% during the 1st quarter. Baird Financial Group Inc. now owns 5,727 shares of the company’s stock valued at $716,000 after purchasing an additional 1,336 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Builders FirstSource by 9.3% during the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after buying an additional 295 shares during the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of Builders FirstSource by 18.7% during the first quarter. UniSuper Management Pty Ltd now owns 16,652 shares of the company’s stock worth $2,081,000 after buying an additional 2,624 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Builders FirstSource in the first quarter valued at approximately $354,000. Finally, United Services Automobile Association bought a new position in shares of Builders FirstSource in the first quarter valued at approximately $354,000. 95.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BLDR shares. Loop Capital dropped their price target on Builders FirstSource from $145.00 to $140.00 in a report on Friday, October 31st. KeyCorp set a $145.00 target price on Builders FirstSource in a research note on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft lowered 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 report on Monday, November 3rd. UBS Group reduced their target price on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Robert W. Baird set a $135.00 price target on shares of Builders FirstSource in a research note on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $133.92.

Builders FirstSource Stock Down 5.5%

Shares of NYSE BLDR opened at $105.14 on Thursday. The firm’s 50-day moving average is $106.47 and its 200-day moving average is $121.69. Builders FirstSource, Inc. has a 1 year low of $94.35 and a 1 year high of $175.12. The firm has a market capitalization of $11.63 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 13.52 and a beta of 1.57. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the previous year, the company posted $3.07 EPS. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. Equities analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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.