Makena Capital Management LLC Has $96.06 Million Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Makena Capital Management LLC lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,120,771 shares of the company’s stock after selling 158,250 shares during the quarter. Builders FirstSource comprises approximately 10.9% of Makena Capital Management LLC’s holdings, making the stock its 2nd largest position. Makena Capital Management LLC’s holdings in Builders FirstSource were worth $96,061,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BLDR. Luxor Capital Group LP boosted its stake in shares of Builders FirstSource by 446.1% during the 3rd quarter. Luxor Capital Group LP now owns 3,050,288 shares of the company’s stock worth $157,822,000 after acquiring an additional 2,491,769 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Builders FirstSource during the 4th quarter valued at approximately $190,577,000. North Peak Capital Management LLC bought a new stake in Builders FirstSource during the 3rd quarter valued at approximately $99,386,000. Dendur Capital LP boosted its stake in Builders FirstSource by 147.5% during the 3rd quarter. Dendur Capital LP now owns 2,562,675 shares of the company’s stock valued at $132,593,000 after purchasing an additional 1,527,456 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Builders FirstSource by 28.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,401,890 shares of the company’s stock valued at $291,576,000 after purchasing an additional 744,449 shares during the period. Institutional investors own 97.15% of the company’s stock.

Shares of BLDR traded up $2.89 during mid-day trading on Friday, reaching $66.89. The company had a trading volume of 3,549,805 shares, compared to its average volume of 2,615,227. Builders FirstSource, Inc. has a twelve month low of $39.24 and a twelve month high of $86.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.10. The company’s 50-day moving average is $66.75 and its 200-day moving average is $70.58. The company has a market capitalization of $11.82 billion, a P/E ratio of 7.86 and a beta of 2.27.

Builders FirstSource (NYSE:BLDR – Get Rating) last issued its earnings results on Tuesday, May 10th. The company reported $3.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $1.92. Builders FirstSource had a return on equity of 39.10% and a net margin of 8.67%. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $4.69 billion. During the same period in the prior year, the firm posted $1.10 EPS. Builders FirstSource’s quarterly revenue was up 36.1% compared to the same quarter last year. As a group, equities analysts expect that Builders FirstSource, Inc. will post 8.9 EPS for the current fiscal year.

BLDR has been the subject of several recent analyst reports. Robert W. Baird decreased their target price on Builders FirstSource from $103.00 to $100.00 in a research note on Wednesday, March 2nd. Bryan, Garnier & Co downgraded Builders FirstSource from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Wednesday, April 6th. B. Riley downgraded Builders FirstSource from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Wednesday, April 6th. Wedbush increased their target price on Builders FirstSource from $105.00 to $110.00 in a research note on Friday. Finally, Royal Bank of Canada reduced their price objective on Builders FirstSource from $106.00 to $93.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $91.54.

Builders FirstSource Profile (Get Rating)

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

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