Algert Global LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 31,270 shares of the company's stock, valued at approximately $2,798,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of BLDR. Sanctuary Advisors LLC acquired a new stake in shares of Builders FirstSource in the second quarter valued at approximately $847,000. Atlas FRM LLC purchased a new position in Builders FirstSource during the second quarter worth approximately $64,246,640. Welch Capital Partners LLC NY acquired a new position in Builders FirstSource during the second quarter worth $1,459,000. Commerce Bank acquired a new position in Builders FirstSource during the second quarter worth $27,516,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Builders FirstSource in the 2nd quarter valued at $279,000. 95.53% of the stock is owned by hedge funds and other institutional investors.
Builders FirstSource Trading Up 0.8%
NYSE:BLDR opened at $67.74 on Friday. Builders FirstSource, Inc. has a 1 year low of $65.10 and a 1 year high of $151.03. The stock has a market cap of $7.29 billion, a P/E ratio of 74.44, a P/E/G ratio of 2.18 and a beta of 1.44. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The stock has a 50-day simple moving average of $74.96 and a 200-day simple moving average of $82.79.
Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share 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 for the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the previous year, the firm earned $2.38 EPS. Builders FirstSource's revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, analysts anticipate that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $66.00 price target on Builders FirstSource in a report on Friday, July 31st. Citigroup assumed coverage on shares of Builders FirstSource in a report on Friday, August 21st. They issued a "market perform" rating on the stock. Raymond James Financial lowered their target price on shares of Builders FirstSource from $140.00 to $100.00 in a research note on Friday, May 1st. BMO Capital Markets reiterated a "market perform" rating and set a $80.00 price target on shares of Builders FirstSource in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada reduced their price target on shares of Builders FirstSource from $107.00 to $88.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Builders FirstSource has an average rating of "Hold" and an average target price of $90.35.
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Builders FirstSource Profile
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Free Report)
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.
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