Moore Capital Management LP Has $12.47 Million Holdings in Builders FirstSource, Inc. $BLDR

Moore Capital Management LP decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 42.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,385 shares of the company’s stock after selling 102,408 shares during the quarter. Moore Capital Management LP owned about 0.13% of Builders FirstSource worth $12,472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of BLDR. Two Sigma Securities LLC acquired a new stake in Builders FirstSource in the 2nd quarter valued at $230,000. Benjamin Edwards Inc. raised its holdings in Builders FirstSource by 17.4% during the second quarter. Benjamin Edwards Inc. now owns 6,423 shares of the company’s stock worth $575,000 after buying an additional 952 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Builders FirstSource by 131.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,116 shares of the company’s stock valued at $279,000 after buying an additional 1,772 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of Builders FirstSource by 5.3% in the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock valued at $262,000 after buying an additional 147 shares in the last quarter. Finally, Sheets Smith Wealth Management acquired a new position in shares of Builders FirstSource during the second quarter valued at about $236,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Up 0.0%

BLDR stock opened at $67.74 on Monday. The stock has a fifty day moving average of $74.96 and a 200-day moving average of $82.50. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 74.44, a PEG ratio of 2.20 and a beta of 1.44. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company’s revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.38 earnings per share. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Builders FirstSource from $76.00 to $70.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. DA Davidson set a $68.00 price objective on Builders FirstSource in a report on Friday, July 31st. Wolfe Research raised Builders FirstSource to a “hold” rating in a research note on Thursday, May 14th. Barclays cut their price objective on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Finally, Royal Bank Of Canada decreased their price objective on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $90.35.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.