Yousif Capital Management LLC grew its stake in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 2,299.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 382,118 shares of the company’s stock after buying an additional 366,192 shares during the period. Yousif Capital Management LLC owned 0.36% of Builders FirstSource worth $21,785,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in BLDR. Sunbelt Securities Inc. grew its holdings in shares of Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Root Financial Partners LLC raised its stake in Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares during the last quarter. Allworth Financial LP acquired a new stake in Builders FirstSource during the 2nd quarter worth about $42,000. Clark Wealth Partners acquired a new stake in Builders FirstSource during the 3rd quarter worth about $27,000. Finally, PFS Partners LLC acquired a new stake in Builders FirstSource during the 3rd quarter worth about $28,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.
Builders FirstSource Stock Performance
NYSE:BLDR traded down $0.66 during trading hours on Friday, reaching $56.88. The company had a trading volume of 2,122,536 shares, compared to its average volume of 2,361,329. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The business’s 50 day moving average price is $60.29 and its 200-day moving average price is $71.80. The firm has a market cap of $6.12 billion, a PE ratio of 62.51, a price-to-earnings-growth ratio of 1.91 and a beta of 1.45.
Builders FirstSource (NYSE:BLDR – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the business earned $2.38 earnings per share. Builders FirstSource’s revenue was down 8.8% on a year-over-year basis. Research analysts forecast that Builders FirstSource, Inc. will post 3.07 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on BLDR shares. BMO Capital Markets reissued a “market perform” rating and issued a $80.00 price objective on shares of Builders FirstSource in a report on Thursday, August 6th. UBS Group set a $85.00 target price on Builders FirstSource in a report on Thursday, October 1st. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. William Blair downgraded shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Robert W. Baird set a $75.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Eight investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $82.25.
Get Our Latest Analysis on Builders FirstSource
About Builders FirstSource
Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.
Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.
Further Reading
- Five stocks we like better than Builders FirstSource
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
- Chefs’ Warehouse Has Rallied 76%—Can the Stock Keep Climbing?
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).
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.
