Massachusetts Financial Services Co. MA Decreases Stock Position in Builders FirstSource, Inc. $BLDR

Massachusetts Financial Services Co. MA lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 29.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,101,986 shares of the company’s stock after selling 454,165 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.00% of Builders FirstSource worth $133,616,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its stake in Builders FirstSource by 9.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after purchasing an additional 295 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Builders FirstSource by 40.7% during the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after buying an additional 2,812 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Builders FirstSource by 27.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,333 shares of the company’s stock valued at $156,000 after acquiring an additional 290 shares during the period. IFM Investors Pty Ltd raised its stake in Builders FirstSource by 1.8% in the 2nd quarter. IFM Investors Pty Ltd now owns 23,237 shares of the company’s stock worth $2,712,000 after acquiring an additional 415 shares during the last quarter. Finally, CX Institutional raised its stake in Builders FirstSource by 129.7% in the 2nd quarter. CX Institutional now owns 827 shares of the company’s stock worth $97,000 after acquiring an additional 467 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $122.52 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 15.40 and a beta of 1.57. The firm’s 50 day simple moving average is $108.92 and its 200-day simple moving average is $121.87. Builders FirstSource, Inc. has a 12 month low of $94.35 and a 12 month high of $175.12.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (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 firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the previous year, the business posted $3.07 EPS. The business’s revenue was down 6.9% compared to the same quarter last year. Analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BLDR shares. Benchmark increased their price objective on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. UBS Group reduced their price target on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Stephens reaffirmed an “equal weight” rating and issued a $137.00 price objective on shares of Builders FirstSource in a report on Tuesday. Finally, Vertical Research began coverage on shares of Builders FirstSource in a research note on Monday, October 20th. They issued a “sell” rating and a $109.41 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $133.87.

Builders FirstSource Company 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.