Builders FirstSource, Inc. $BLDR Holdings Lifted by Quadrant Capital Group LLC

Key Points

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Quadrant Capital Group LLC grew its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 1,774.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,624 shares of the company's stock after acquiring an additional 87,682 shares during the quarter. Quadrant Capital Group LLC owned 0.09% of Builders FirstSource worth $5,280,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Eagle Harbor Asset Management Inc. ADV purchased a new position in shares of Builders FirstSource in the 3rd quarter worth about $284,000. Innova Wealth Partners bought a new position in Builders FirstSource in the 3rd quarter worth about $150,000. Lauterbach Financial Advisors LLC bought a new position in Builders FirstSource in the 3rd quarter worth about $495,000. Newman Dignan & Sheerar Inc. purchased a new stake in Builders FirstSource during the 3rd quarter valued at about $195,000. Finally, Benchmark Financial Wealth Advisors LLC purchased a new stake in Builders FirstSource during the 3rd quarter valued at about $471,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Up 1.7%

BLDR stock opened at $53.87 on Wednesday. The stock has a market capitalization of $5.80 billion, a P/E ratio of 59.20, a P/E/G ratio of 1.73 and a beta of 1.45. 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 has a fifty day moving average price of $61.29 and a 200-day moving average price of $72.24.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data 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 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 analysts' expectations of $3.91 billion. During the same period last year, the business earned $2.38 earnings per share. The company's quarterly revenue was down 8.8% on a year-over-year basis. Equities analysts forecast that Builders FirstSource, Inc. will post 3.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of analyst reports. DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. KeyCorp dropped their target price on shares of Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating on the stock in a research note on Monday, July 13th. Melius Research initiated coverage on shares of Builders FirstSource in a report on Tuesday, October 6th. They set a "sell" rating and a $52.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a report on Friday, July 31st. Finally, Stifel Nicolaus set a $65.00 price target on shares of Builders FirstSource in a research report on Friday, September 18th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $82.25.

Builders FirstSource Company Profile

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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