Russell Investments Group Ltd. trimmed its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 6.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368,552 shares of the company’s stock after selling 27,417 shares during the quarter. Russell Investments Group Ltd. owned 0.32% of Builders FirstSource worth $7,312,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new position in Builders FirstSource during the 1st quarter worth $112,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Builders FirstSource by 58.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,462 shares of the company’s stock worth $163,000 after purchasing an additional 2,766 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new position in Builders FirstSource during the 4th quarter worth $207,000. Paloma Partners Management Co acquired a new position in Builders FirstSource during the 4th quarter worth $226,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Builders FirstSource during the 4th quarter worth $242,000. 92.67% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on the company. BidaskClub cut Builders FirstSource from a “sell” rating to a “strong sell” rating in a research note on Friday, April 27th. Zacks Investment Research cut Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Stifel Nicolaus reissued a “buy” rating on shares of Builders FirstSource in a research note on Friday, March 2nd. ValuEngine cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Finally, Wedbush reissued an “outperform” rating and set a $30.00 target price on shares of Builders FirstSource in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $23.14.
Builders FirstSource opened at $18.45 on Friday, MarketBeat Ratings reports. The stock has a market cap of $2.18 billion, a PE ratio of 14.53 and a beta of 2.06. Builders FirstSource, Inc. has a 1 year low of $14.39 and a 1 year high of $23.28. The company has a quick ratio of 1.15, a current ratio of 2.09 and a debt-to-equity ratio of 4.81.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Wednesday, May 9th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.08. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Builders FirstSource had a return on equity of 41.83% and a net margin of 0.81%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS. research analysts forecast that Builders FirstSource, Inc. will post 1.87 earnings per share for the current year.
Builders FirstSource Profile
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.
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