AQR Capital Management LLC Has $66.27 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

AQR Capital Management LLC cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 27.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 478,761 shares of the company’s stock after selling 178,545 shares during the quarter. AQR Capital Management LLC’s holdings in Builders FirstSource were worth $66,265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BLDR. Vanguard Group Inc. boosted its holdings in Builders FirstSource by 15.7% in the fourth quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after acquiring an additional 1,985,297 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Builders FirstSource by 339.8% in 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 purchasing an additional 911,990 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Builders FirstSource by 477,028.7% during the first quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock worth $93,535,000 after buying an additional 448,407 shares during the period. Frontier Capital Management Co. LLC raised its stake in Builders FirstSource by 34.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock worth $189,268,000 after buying an additional 292,966 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Builders FirstSource by 22.7% in the second quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company’s stock valued at $147,059,000 after buying an additional 196,571 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on BLDR shares. Wedbush reissued an “outperform” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research report on Tuesday, August 6th. Royal Bank of Canada lowered their target price on Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Barclays dropped their price target on Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $185.00 target price (down previously from $205.00) on shares of Builders FirstSource in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $190.00.

Builders FirstSource Stock Up 2.1 %

Shares of NYSE BLDR opened at $194.08 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14. Builders FirstSource, Inc. has a 1 year low of $105.24 and a 1 year high of $214.70. The stock has a market capitalization of $23.69 billion, a P/E ratio of 16.62, a P/E/G ratio of 11.56 and a beta of 2.06. The company has a 50-day moving average price of $171.17 and a 200-day moving average price of $170.84.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.89 EPS. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.68 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has authorized a share repurchase program on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the transaction, the director now directly owns 95,333 shares in the company, valued at approximately $14,650,775.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

About Builders FirstSource

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.