Sanctuary Advisors LLC Takes $847,000 Position in Builders FirstSource, Inc. $BLDR

Sanctuary Advisors LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the second quarter, Holdings Channel reports. The institutional investor purchased 9,471 shares of the company’s stock, valued at approximately $847,000.

Several other institutional investors have also recently made changes to their positions in BLDR. BlackRock Inc. purchased a new stake in Builders FirstSource during the 2nd quarter worth about $700,934,000. State Street Corp grew its holdings in Builders FirstSource by 2.3% during the 4th quarter. State Street Corp now owns 5,108,120 shares of the company’s stock valued at $525,574,000 after buying an additional 115,857 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Builders FirstSource by 2.3% during the fourth quarter. Wellington Management Group LLP now owns 3,316,797 shares of the company’s stock valued at $341,265,000 after buying an additional 73,835 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after buying an additional 325,935 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Builders FirstSource by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock valued at $288,789,000 after buying an additional 14,420 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR opened at $67.74 on Friday. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03. 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 $7.29 billion, a PE ratio of 74.44, a price-to-earnings-growth ratio of 2.18 and a beta of 1.44. The stock has a 50-day moving average price of $74.96 and a 200-day moving average price of $82.79.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BLDR shares. The Goldman Sachs Group cut their price objective on shares of Builders FirstSource from $110.00 to $101.00 in a research report on Friday, May 1st. BMO Capital Markets reaffirmed a “market perform” rating and set a $80.00 target price on shares of Builders FirstSource in a report on Thursday, August 6th. Raymond James Financial lowered their target price on shares of Builders FirstSource from $140.00 to $100.00 in a research note on Friday, May 1st. Oppenheimer cut their price target on shares of Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Finally, Wolfe Research upgraded shares of Builders FirstSource to a “hold” rating in a research report on Thursday, May 14th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource 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.