Pecaut & CO. Has $2.44 Million Stake in Builders FirstSource, Inc. $BLDR

by · The Cerbat Gem

Pecaut & CO. increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 186.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,935 shares of the company’s stock after purchasing an additional 13,631 shares during the quarter. Builders FirstSource makes up approximately 0.8% of Pecaut & CO.’s portfolio, making the stock its 25th largest position. Pecaut & CO.’s holdings in Builders FirstSource were worth $2,443,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. grew its stake in Builders FirstSource by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after purchasing an additional 78 shares in the last quarter. VestGen Advisors LLC lifted its holdings in shares of Builders FirstSource by 4.6% during the 2nd quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock valued at $227,000 after buying an additional 86 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Builders FirstSource by 3.1% in the 2nd quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock valued at $354,000 after buying an additional 90 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Builders FirstSource by 21.0% in the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock worth $78,000 after buying an additional 109 shares during the last quarter. Finally, Horizon Investments LLC raised its position in Builders FirstSource by 5.5% during the first quarter. Horizon Investments LLC now owns 2,205 shares of the company’s stock valued at $275,000 after acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the subject of several recent research reports. UBS Group boosted their target price on shares of Builders FirstSource from $158.00 to $166.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft reduced their price target on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Wall Street Zen raised Builders FirstSource from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Vertical Research initiated coverage on Builders FirstSource in a report on Monday, October 20th. They issued a “sell” rating and a $109.41 target price for the company. Finally, Robert W. Baird set a $135.00 price target on Builders FirstSource in a report on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $136.86.

Read Our Latest Research Report on Builders FirstSource

Builders FirstSource Stock Performance

BLDR opened at $104.98 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03. The stock’s 50 day moving average price is $114.61 and its two-hundred day moving average price is $122.60. The firm has a market capitalization of $11.61 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 11.49 and a beta of 1.56. Builders FirstSource, Inc. has a 12-month low of $94.35 and a 12-month high of $175.46.

Builders FirstSource (NYSE:BLDR – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the previous year, the company earned $3.07 earnings per share. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource Company Profile

(Free Report)

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.

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