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

Picton Mahoney Asset Management trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 15.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 94,792 shares of the company’s stock after selling 16,960 shares during the quarter. Picton Mahoney Asset Management’s holdings in Builders FirstSource were worth $11,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Tran Capital Management L.P. increased its stake in shares of Builders FirstSource by 2,930.4% during the third quarter. Tran Capital Management L.P. now owns 102,154 shares of the company’s stock valued at $12,386,000 after acquiring an additional 98,783 shares during the period. Strs Ohio grew its holdings in Builders FirstSource by 24.0% during the third quarter. Strs Ohio now owns 118,594 shares of the company’s stock worth $14,380,000 after acquiring an additional 22,926 shares during the period. Seizert Capital Partners LLC raised its position in Builders FirstSource by 0.9% in the second quarter. Seizert Capital Partners LLC now owns 300,990 shares of the company’s stock worth $35,123,000 after acquiring an additional 2,799 shares in the last quarter. M&G PLC acquired a new stake in Builders FirstSource in the 2nd quarter valued at about $9,002,000. Finally, Vise Technologies Inc. bought a new position in shares of Builders FirstSource during the 2nd quarter valued at about $2,482,000. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on BLDR shares. BMO Capital Markets dropped their target price on shares of Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating on the stock in a report on Friday, February 20th. DA Davidson decreased their price target on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. William Blair began coverage on Builders FirstSource in a report on Thursday, February 26th. They issued an “outperform” rating on the stock. Stifel Nicolaus cut their price objective on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $111.00 target price on shares of Builders FirstSource in a report on Friday, January 9th. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $127.39.

Builders FirstSource Stock Down 1.4%

BLDR stock opened at $96.04 on Thursday. The company has a 50 day moving average of $114.52 and a two-hundred day moving average of $118.36. The company has a market cap of $10.62 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 2.35 and a beta of 1.56. Builders FirstSource, Inc. has a 12-month low of $94.17 and a 12-month high of $151.03. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results 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 return on equity of 17.89% and a net margin of 2.87%.The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the prior year, the firm earned $2.31 EPS. Builders FirstSource’s quarterly revenue was down 12.1% on a year-over-year basis. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.