Builders FirstSource, Inc. $BLDR Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management cut its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 15.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,792 shares of the company’s stock after selling 16,960 shares during the quarter. Picton Mahoney Asset Management owned about 0.09% of Builders FirstSource worth $11,492,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. TD Waterhouse Canada Inc. purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $34,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource during the second quarter valued at approximately $38,000. MUFG Securities EMEA plc acquired a new position in shares of Builders FirstSource during the second quarter worth $38,000. IMA Advisory Services Inc. boosted its stake in shares of Builders FirstSource by 40.9% in the third quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock valued at $43,000 after purchasing an additional 103 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Builders FirstSource during the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 1.4%

Shares of NYSE:BLDR opened at $96.04 on Thursday. The company’s fifty day moving average is $114.52 and its two-hundred day moving average is $118.36. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. Builders FirstSource, Inc. has a 1-year low of $94.17 and a 1-year high of $151.03. The stock has a market capitalization of $10.62 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 2.35 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the company earned $2.31 EPS. Builders FirstSource’s quarterly revenue was down 12.1% on a year-over-year basis. Equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on BLDR. Weiss Ratings reiterated a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, January 21st. Zacks Research cut Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Jefferies Financial Group dropped their price objective on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Wells Fargo & Company upped their target price on Builders FirstSource from $115.00 to $120.00 and gave the company a “cautious” rating in a research report on Wednesday, February 11th. Finally, William Blair started coverage on shares of Builders FirstSource in a research report on Thursday, February 26th. They set an “outperform” rating for the company. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource currently has an average rating of “Hold” and an average price target of $127.39.

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.