Signaturefd LLC lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 7,162.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,925 shares of the company’s stock after acquiring an additional 80,797 shares during the quarter. Signaturefd LLC owned about 0.08% of Builders FirstSource worth $4,671,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in BLDR. BlackRock Inc. acquired a new stake in Builders FirstSource in the 2nd quarter worth approximately $700,934,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Builders FirstSource during the second quarter worth approximately $134,908,000. Bank of America Corp DE acquired a new position in Builders FirstSource during the second quarter valued at approximately $83,832,000. Fort Washington Investment Advisors Inc. OH acquired a new position in Builders FirstSource during the third quarter valued at approximately $48,738,000. Finally, Jupiter Topco LLC acquired a new position in Builders FirstSource during the second quarter valued at approximately $73,935,000. Institutional investors and hedge funds own 95.53% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. KeyCorp dropped their price target on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Builders FirstSource in a report on Monday, October 19th. Oppenheimer decreased their price objective on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday, October 16th. UBS Group set a $85.00 target price on shares of Builders FirstSource in a research note on Thursday, October 1st. Finally, Citizens Jmp assumed coverage on shares of Builders FirstSource in a report on Friday, August 21st. They issued a “market perform” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $82.25.
Read Our Latest Research Report on Builders FirstSource
Builders FirstSource Stock Performance
BLDR opened at $56.88 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The stock’s 50 day moving average price is $60.29 and its two-hundred day moving average price is $71.80. The firm has a market capitalization of $6.12 billion, a P/E ratio of 62.51, a price-to-earnings-growth ratio of 1.89 and a beta of 1.45. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50.
Builders FirstSource (NYSE:BLDR – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the firm earned $2.38 earnings per share. The business’s quarterly revenue was down 8.8% on a year-over-year basis. On average, equities analysts forecast that Builders FirstSource, Inc. will post 3.07 earnings per share for the current year.
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.
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