Ethic Inc. acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 87,111 shares of the company’s stock, valued at approximately $4,966,000.
Several other hedge funds have also recently bought and sold shares of BLDR. Wedbush Securities Inc. increased its stake in Builders FirstSource by 5.3% during the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock worth $262,000 after purchasing an additional 147 shares during the period. Private Advisor Group LLC boosted its stake in shares of Builders FirstSource by 5.9% in the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock valued at $238,000 after purchasing an additional 162 shares during the period. Altshuler Shaham Ltd boosted its stake in shares of Builders FirstSource by 2.4% in the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock valued at $626,000 after purchasing an additional 180 shares during the period. Mufg Securities Americas Inc. boosted its stake in shares of Builders FirstSource by 5.9% in the second quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock valued at $290,000 after purchasing an additional 180 shares during the period. Finally, American Trust grew its holdings in shares of Builders FirstSource by 6.7% in the first quarter. American Trust now owns 3,138 shares of the company’s stock valued at $258,000 after purchasing an additional 197 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.
Builders FirstSource Price Performance
BLDR stock opened at $65.88 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. The firm has a market capitalization of $7.09 billion, a P/E ratio of 178.06, a P/E/G ratio of 1.93 and a beta of 1.41. The business’s 50-day moving average is $58.90 and its two-hundred day moving average is $78.91. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50.
Builders FirstSource (NYSE:BLDR – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the company posted $1.88 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts anticipate that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on BLDR shares. Wells Fargo & Company upped their target price on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, October 30th. Stifel Nicolaus increased their target price on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, November 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday, October 19th. The Goldman Sachs Group restated a “buy” rating and issued a $78.00 price target on shares of Builders FirstSource in a research note on Friday, October 30th. Finally, DA Davidson set a $68.00 price target on shares of Builders FirstSource in a research note on Friday, July 31st. Seven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and an average target price of $75.55.
View Our Latest Stock Analysis on Builders FirstSource
Builders FirstSource Profile
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