Lombard Odier Asset Management USA Corp Increases Stock Position in Builders FirstSource, Inc. $BLDR

Lombard Odier Asset Management USA Corp boosted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 140.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,278 shares of the company’s stock after purchasing an additional 15,357 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Builders FirstSource were worth $3,186,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLDR. Tran Capital Management L.P. boosted its position in Builders FirstSource by 2,930.4% in the 3rd quarter. Tran Capital Management L.P. now owns 102,154 shares of the company’s stock valued at $12,386,000 after buying an additional 98,783 shares during the last quarter. Strs Ohio increased its position in shares of 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 last quarter. Seizert Capital Partners LLC increased its position in shares of Builders FirstSource by 0.9% during 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 during the last quarter. Candriam S.C.A. lifted its stake in shares of Builders FirstSource by 28.9% in the third quarter. Candriam S.C.A. now owns 53,085 shares of the company’s stock worth $6,437,000 after acquiring an additional 11,891 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC acquired a new position in shares of Builders FirstSource in the third quarter worth about $8,925,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on Builders FirstSource from $150.00 to $142.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. UBS Group cut their target price on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reduced their target price on Builders FirstSource from $117.00 to $102.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, January 21st. Finally, Benchmark cut their price target on shares of Builders FirstSource from $142.00 to $138.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource has an average rating of “Hold” and an average price target of $126.65.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy purchased 50,000 shares of Builders FirstSource stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the transaction, the director owned 1,727,191 shares in the company, valued at $151,526,466.43. This represents a 2.98% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $87.05 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 2.13 and a beta of 1.56. Builders FirstSource, Inc. has a twelve month low of $86.18 and a twelve month high of $151.03. The business has a 50 day simple moving average of $112.46 and a 200-day simple moving average of $115.52.

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