Man Group plc Invests $3.35 Million in Builders FirstSource, Inc. $BLDR

Man Group plc purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 37,446 shares of the company’s stock, valued at approximately $3,351,000.

A number of other institutional investors also recently bought and sold shares of BLDR. BlackRock Inc. bought a new stake in Builders FirstSource in the second quarter worth $700,934,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Builders FirstSource by 99,084.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock valued at $230,634,000 after acquiring an additional 2,239,301 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Builders FirstSource in the 2nd quarter worth about $134,908,000. Norges Bank bought a new stake in shares of Builders FirstSource in the 4th quarter worth about $109,269,000. Finally, Jupiter Topco LLC purchased a new position in shares of Builders FirstSource during the 2nd quarter worth about $73,935,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $66.42 on Tuesday. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03. The business’s fifty day simple moving average is $74.74 and its 200-day simple moving average is $82.06. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The company has a market cap of $7.15 billion, a PE ratio of 72.99, a PEG ratio of 2.20 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The business had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the firm posted $2.38 EPS. Builders FirstSource’s revenue was down 8.8% on a year-over-year basis. Analysts expect that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Citigroup initiated coverage on Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating for the company. Oppenheimer reduced their target price on Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Weiss Ratings downgraded Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. Wolfe Research upgraded shares of Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Finally, Jefferies Financial Group decreased their price objective on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and an average target price of $90.35.

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.