Man Group plc Buys New Shares in Builders FirstSource, Inc. $BLDR

Man Group plc bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the second quarter, Holdings Channel.com reports. The firm bought 37,446 shares of the company’s stock, valued at approximately $3,351,000.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in Builders FirstSource during the 2nd quarter worth approximately $700,934,000. Schwartz Investment Counsel Inc. lifted its stake in Builders FirstSource by 17.1% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 95,800 shares of the company’s stock valued at $9,857,000 after acquiring an additional 14,000 shares during the period. Fiera Capital Corp boosted its holdings in shares of Builders FirstSource by 36.0% in the 4th quarter. Fiera Capital Corp now owns 653,839 shares of the company’s stock valued at $67,273,000 after acquiring an additional 173,230 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Builders FirstSource by 10.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,867 shares of the company’s stock worth $24,993,000 after acquiring an additional 22,270 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased 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 worth $230,634,000 after acquiring an additional 2,239,301 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $66.42 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The stock has a market capitalization of $7.15 billion, a PE ratio of 72.99, a P/E/G ratio of 2.20 and a beta of 1.44. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The company has a fifty day moving average of $74.74 and a two-hundred day moving average of $82.06.

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 the consensus estimate of $1.25 by ($0.08). The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.38 EPS. As a group, research analysts forecast that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on BLDR shares. Barclays reduced their target price on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, July 31st. KeyCorp cut their price target on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Truist Financial reduced their price objective on Builders FirstSource from $115.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Wolfe Research raised Builders FirstSource to a “hold” rating in a report on Thursday, May 14th. Finally, Zacks Research lowered Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of “Hold” and an average target price of $90.35.

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.