Marathon Capital Management Purchases New Shares in Builders FirstSource, Inc. $BLDR

Marathon Capital Management bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 57,727 shares of the company’s stock, valued at approximately $6,736,000. Builders FirstSource makes up about 1.7% of Marathon Capital Management’s investment portfolio, making the stock its 16th biggest position. Marathon Capital Management owned 0.05% of Builders FirstSource as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BLDR. State Street Corp boosted its position in Builders FirstSource by 0.6% during the second 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 during the last quarter. Wellington Management Group LLP increased its stake in shares of Builders FirstSource by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock valued at $401,948,000 after acquiring an additional 960,603 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Builders FirstSource by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company’s stock valued at $280,387,000 after acquiring an additional 6,453 shares during the period. Voya Investment Management LLC grew its stake in shares of Builders FirstSource by 29.9% in the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock valued at $229,809,000 after buying an additional 423,891 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Builders FirstSource by 5.0% in 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 buying an additional 74,681 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BLDR shares. Wall Street Zen raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. KeyCorp set a $145.00 price target on Builders FirstSource in a report on Wednesday, October 1st. Barclays lowered their price target on Builders FirstSource from $124.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday. Stephens cut their price objective on shares of Builders FirstSource from $140.00 to $137.00 in a report on Monday, November 3rd. Finally, Wedbush reissued a “neutral” rating and set a $145.00 price target on shares of Builders FirstSource in a research report on Monday, September 15th. Ten investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Hold” and a consensus price target of $136.86.

Builders FirstSource Stock Performance

NYSE BLDR opened at $109.49 on Thursday. The company has a market capitalization of $12.11 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 11.23 and a beta of 1.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. Builders FirstSource, Inc. has a 52-week low of $94.35 and a 52-week high of $175.24. The company has a 50-day simple moving average of $114.27 and a 200 day simple moving average of $122.51.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping 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 the consensus estimate of $3.86 billion. During the same period last year, the firm earned $3.07 EPS. Builders FirstSource’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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.