Prudential Financial Inc. Has $1.10 Million Stock Holdings in Builders FirstSource, Inc. (NASDAQ:BLDR)

Prudential Financial Inc. lessened its holdings in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 47.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 25,831 shares of the company’s stock after selling 23,335 shares during the period. Prudential Financial Inc.’s holdings in Builders FirstSource were worth $1,102,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BLDR. FMR LLC lifted its position in shares of Builders FirstSource by 9.5% during the 1st quarter. FMR LLC now owns 1,703,004 shares of the company’s stock worth $22,718,000 after purchasing an additional 147,779 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Builders FirstSource by 192.1% during the 1st quarter. First Trust Advisors LP now owns 119,675 shares of the company’s stock worth $1,596,000 after purchasing an additional 78,703 shares during the last quarter. Royal Bank of Canada raised its holdings in Builders FirstSource by 568.7% in the 1st quarter. Royal Bank of Canada now owns 102,164 shares of the company’s stock valued at $4,738,000 after acquiring an additional 86,887 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in Builders FirstSource by 3,244.9% in the 1st quarter. State of Wisconsin Investment Board now owns 270,937 shares of the company’s stock valued at $12,563,000 after acquiring an additional 262,837 shares in the last quarter. Finally, Eaton Vance Management acquired a new position in Builders FirstSource in the 1st quarter valued at approximately $1,485,000. 98.77% of the stock is owned by institutional investors and hedge funds.

BLDR has been the subject of several recent research reports. Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “buy” rating and set a $70.00 price target for the company in a report on Tuesday, November 9th. BTIG Research reaffirmed a “buy” rating and issued a $80.00 price target (up previously from $60.00) on shares of Builders FirstSource in a report on Tuesday, November 9th. BMO Capital Markets upped their price target on Builders FirstSource from $67.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, November 5th. Zelman & Associates raised Builders FirstSource from a “sell” rating to a “buy” rating in a report on Friday, November 5th. Finally, Robert W. Baird upped their price target on Builders FirstSource from $62.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, November 5th. Thirteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $68.92.

BLDR stock opened at $73.35 on Wednesday. Builders FirstSource, Inc. has a 1-year low of $34.42 and a 1-year high of $73.37. The firm has a market cap of $14.05 billion, a P/E ratio of 9.94 and a beta of 2.31. The business’s 50 day moving average is $59.28 and its 200-day moving average is $51.01. The company has a current ratio of 2.08, a quick ratio of 1.29 and a debt-to-equity ratio of 0.44.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Thursday, November 4th. The company reported $3.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.63 by $1.76. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $4.83 billion. Builders FirstSource had a return on equity of 38.47% and a net margin of 8.00%. Builders FirstSource’s revenue for the quarter was up 140.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 EPS. Sell-side analysts forecast that Builders FirstSource, Inc. will post 8.22 EPS for the current year.

About Builders FirstSource

Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, sub-contractors, remodelers and consumers. The firm operates through the following segments: Northeast, Southeast, South and West. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, as well as engineered wood.

See Also: Balanced Fund

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

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