Assenagon Asset Management S.A. Has $1.45 Million Stock Position in Builders FirstSource, Inc. (NASDAQ:BLDR)

Assenagon Asset Management S.A. decreased its position in Builders FirstSource, Inc. (NASDAQ:BLDR) by 62.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 70,569 shares of the company’s stock after selling 118,764 shares during the period. Assenagon Asset Management S.A.’s holdings in Builders FirstSource were worth $1,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Builders FirstSource by 5.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,053,583 shares of the company’s stock valued at $17,764,000 after acquiring an additional 59,077 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Builders FirstSource by 1,400.7% in the 2nd quarter. Acadian Asset Management LLC now owns 444,490 shares of the company’s stock valued at $7,497,000 after acquiring an additional 414,872 shares in the last quarter. Zebra Capital Management LLC raised its holdings in Builders FirstSource by 13.4% in the 2nd quarter. Zebra Capital Management LLC now owns 79,247 shares of the company’s stock valued at $1,336,000 after acquiring an additional 9,336 shares in the last quarter. Brightline Capital Management LLC raised its holdings in Builders FirstSource by 127.1% in the 2nd quarter. Brightline Capital Management LLC now owns 545,000 shares of the company’s stock valued at $9,189,000 after acquiring an additional 305,000 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Builders FirstSource by 28.5% in the 2nd quarter. First Trust Advisors LP now owns 153,760 shares of the company’s stock valued at $2,592,000 after acquiring an additional 34,085 shares in the last quarter. 87.29% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Donald F. Mcaleenan sold 125,408 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $18.88, for a total transaction of $2,367,703.04. Following the completion of the sale, the senior vice president now directly owns 152,773 shares of the company’s stock, valued at approximately $2,884,354.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Peter M. Jackson sold 4,328 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $20.20, for a total value of $87,425.60. Following the sale, the chief financial officer now directly owns 53,096 shares of the company’s stock, valued at $1,072,539.20. The disclosure for this sale can be found here. Insiders have sold a total of 219,744 shares of company stock valued at $4,258,449 over the last ninety days. Insiders own 2.20% of the company’s stock.

A number of brokerages have recently issued reports on BLDR. ValuEngine cut Builders FirstSource from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. DA Davidson increased their target price on Builders FirstSource to $21.00 and gave the stock a “neutral” rating in a report on Friday. Zacks Investment Research raised Builders FirstSource from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Monday, October 7th. Buckingham Research increased their target price on Builders FirstSource from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, Stephens raised Builders FirstSource from an “equal” rating to an “overweight” rating and increased their target price for the stock from $21.00 to $28.00 in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.27.

Shares of BLDR opened at $22.89 on Monday. Builders FirstSource, Inc. has a 1 year low of $10.15 and a 1 year high of $23.30. The company has a current ratio of 1.69, a quick ratio of 0.96 and a debt-to-equity ratio of 2.02. The stock has a 50 day simple moving average of $20.29 and a 200-day simple moving average of $17.17. The stock has a market cap of $2.63 billion, a PE ratio of 12.05 and a beta of 1.88.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.15. Builders FirstSource had a return on equity of 39.63% and a net margin of 3.05%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the firm posted $0.54 EPS. The business’s revenue was down 8.9% on a year-over-year basis. On average, sell-side analysts forecast that Builders FirstSource, Inc. will post 1.85 EPS for the current fiscal year.

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. 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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.

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

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