12,863 Builders FirstSource, Inc. $BLDR Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 408.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,015 shares of the company’s stock after acquiring an additional 12,863 shares during the quarter. Sterling Capital Management LLC’s holdings in Builders FirstSource were worth $913,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth about $700,934,000. Dimensional Fund Advisors LP boosted its holdings in Builders FirstSource by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after purchasing an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Builders FirstSource in the second quarter valued at approximately $134,908,000. Bank of America Corp DE acquired a new position in Builders FirstSource in the second quarter valued at approximately $83,832,000. Finally, Jupiter Topco LLC acquired a new position in Builders FirstSource in the second quarter valued at approximately $73,935,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BLDR. Melius Research assumed coverage on shares of Builders FirstSource in a research note on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price target on the stock. BMO Capital Markets restated a “market perform” rating and set a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Benchmark lowered their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Finally, Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Eight analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $79.35.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $56.65 on Wednesday. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The stock has a 50-day simple moving average of $59.82 and a 200-day simple moving average of $81.60.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.38 earnings per share. On average, research analysts anticipate that Builders FirstSource, Inc. will post 3.07 earnings per share for the current fiscal year.

About Builders FirstSource

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.