Marshall Wace North America L.P. Raises Stake in Builders FirstSource, Inc. (BLDR)

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Marshall Wace North America L.P. raised its holdings in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 72.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,107 shares of the company’s stock after acquiring an additional 16,055 shares during the quarter. Marshall Wace North America L.P.’s holdings in Builders FirstSource were worth $560,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. NumerixS Investment Technologies Inc boosted its holdings in shares of Builders FirstSource by 229.8% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 5,600 shares of the company’s stock valued at $101,000 after buying an additional 3,902 shares during the last quarter. IndexIQ Advisors LLC boosted its holdings in shares of Builders FirstSource by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 114,579 shares of the company’s stock valued at $1,682,000 after buying an additional 4,328 shares during the last quarter. Essex Investment Management Co. LLC boosted its holdings in shares of Builders FirstSource by 3.2% in the 3rd quarter. Essex Investment Management Co. LLC now owns 154,116 shares of the company’s stock valued at $2,262,000 after buying an additional 4,807 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Builders FirstSource by 7.4% in the 1st quarter. Principal Financial Group Inc. now owns 81,790 shares of the company’s stock valued at $1,623,000 after buying an additional 5,610 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Builders FirstSource by 6.1% in the 2nd quarter. Rhumbline Advisers now owns 109,475 shares of the company’s stock valued at $2,002,000 after buying an additional 6,261 shares during the last quarter. 93.61% of the stock is owned by institutional investors.

In other news, Director Brett N. Milgrim sold 17,676 shares of Builders FirstSource stock in a transaction on Friday, December 14th. The stock was sold at an average price of $11.18, for a total transaction of $197,617.68. Following the completion of the sale, the director now owns 49,399 shares of the company’s stock, valued at $552,280.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Floyd F. Sherman sold 196,512 shares of Builders FirstSource stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $13.78, for a total value of $2,707,935.36. Following the sale, the director now directly owns 478,346 shares of the company’s stock, valued at approximately $6,591,607.88. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

BLDR opened at $11.40 on Wednesday. Builders FirstSource, Inc. has a fifty-two week low of $10.75 and a fifty-two week high of $23.28. The company has a debt-to-equity ratio of 3.39, a current ratio of 2.09 and a quick ratio of 1.21. The firm has a market cap of $1.25 billion, a PE ratio of 8.98, a PEG ratio of 1.17 and a beta of 1.99.

Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Thursday, November 1st. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. Builders FirstSource had a return on equity of 48.32% and a net margin of 1.44%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the firm earned $0.39 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 1.87 EPS for the current year.

Several research firms have recently commented on BLDR. BidaskClub downgraded Builders FirstSource from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. Barclays cut their price target on Builders FirstSource from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, December 12th. Deutsche Bank downgraded Builders FirstSource from a “buy” rating to a “hold” rating and cut their price target for the company from $19.00 to $15.00 in a report on Tuesday, December 4th. Wedbush reaffirmed an “outperform” rating and set a $20.00 price target on shares of Builders FirstSource in a report on Thursday, November 29th. Finally, Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.55.

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About Builders FirstSource

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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Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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