Soros Fund Management LLC Decreases Position in Builders FirstSource, Inc. (NYSE:BLDR)

Soros Fund Management LLC decreased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 56.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,800 shares of the company’s stock after selling 37,398 shares during the quarter. Soros Fund Management LLC’s holdings in Builders FirstSource were worth $5,583,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Mountaineer Partners Management LLC purchased a new position in Builders FirstSource during the third quarter worth $2,099,877,000. FMR LLC lifted its holdings in shares of Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after acquiring an additional 3,186,876 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in Builders FirstSource in the 3rd quarter worth about $267,132,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $255,867,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Builders FirstSource by 339.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock valued at $163,373,000 after acquiring an additional 911,990 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE BLDR opened at $175.89 on Friday. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.03 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The stock’s fifty day moving average price is $184.36 and its 200 day moving average price is $168.85. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.24 earnings per share. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BLDR. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and lifted their target price for the stock from $165.00 to $220.00 in a research report on Monday, September 16th. Jefferies Financial Group raised their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Wedbush reiterated an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, November 6th. Barclays raised their price objective on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, UBS Group initiated coverage on Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 target price for the company. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $206.47.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now owns 33,083 shares in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Builders FirstSource Profile

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.