Hauser Brothers GmbH Sells 16,948 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Hauser Brothers GmbH cut its stake in Builders FirstSource by 11.9%, selling 16,948 shares and retaining 125,500 shares (about $15.22M), which represents roughly 12.3% of its portfolio and is its third-largest holding.
• Several large institutions materially increased exposure—Capital International opened a ~ $429.6M position while Franklin Resources, Sands Capital and Victory Capital added roughly 1.78M, 1.41M and 1.33M shares respectively—leaving institutional ownership at 95.53%.
• Builders FirstSource missed quarterly expectations (EPS $1.12 vs $1.30; revenue $3.36B vs $3.46B), prompting price-target cuts from multiple analysts and a consensus rating of Hold with an average target of $127.81.

Hauser Brothers GmbH decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 11.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,500 shares of the company's stock after selling 16,948 shares during the period. Builders FirstSource accounts for about 12.3% of Hauser Brothers GmbH's investment portfolio, making the stock its 3rd largest holding. Hauser Brothers GmbH owned 0.11% of Builders FirstSource worth $15,217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors acquired a new stake in shares of Builders FirstSource in the third quarter valued at $429,640,000. Franklin Resources Inc. lifted its holdings in Builders FirstSource by 2,498.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company's stock valued at $224,861,000 after acquiring an additional 1,783,164 shares during the last quarter. Sands Capital Management LLC lifted its holdings in Builders FirstSource by 139.1% in the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company's stock valued at $294,747,000 after acquiring an additional 1,414,129 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Builders FirstSource by 235.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company's stock valued at $229,585,000 after purchasing an additional 1,328,363 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $147,994,000. 95.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Jefferies Financial Group cut their target price on shares of Builders FirstSource from $112.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, February 23rd. Robert W. Baird dropped their price target on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Wednesday, February 18th. Zacks Research downgraded Builders FirstSource from a "hold" rating to a "strong sell" rating in a research report on Thursday, February 19th. UBS Group reduced their price objective on Builders FirstSource from $166.00 to $143.00 and set a "buy" rating for the company in a research note on Tuesday, January 6th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Builders FirstSource in a report on Wednesday, January 21st. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, Builders FirstSource currently has a consensus rating of "Hold" and an average price target of $127.81.

Builders FirstSource Trading Up 0.7%

Shares of NYSE:BLDR traded up $0.61 during mid-day trading on Friday, hitting $87.21. The stock had a trading volume of 322,665 shares, compared to its average volume of 2,348,757. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. The company has a market cap of $9.65 billion, a PE ratio of 22.50, a P/E/G ratio of 2.20 and a beta of 1.56. Builders FirstSource, Inc. has a 12-month low of $86.18 and a 12-month high of $151.03. The company's 50 day moving average is $113.22 and its 200-day moving average is $116.64.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.46 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. The company's revenue for the quarter was down 12.1% on a year-over-year basis. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource Profile

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.

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.