Builders FirstSource, Inc. $BLDR Stock: Fulcrum Asset Management LLP Raises Holdings

Fulcrum Asset Management LLP increased its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 153.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,750 shares of the company's stock after buying an additional 34,931 shares during the quarter. Fulcrum Asset Management LLP owned about 0.05% of Builders FirstSource worth $3,292,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Clark Wealth Partners acquired a new position in Builders FirstSource during the 3rd quarter worth $27,000. PFS Partners LLC acquired a new position in shares of Builders FirstSource during the third quarter valued at $28,000. Sunbelt Securities Inc. increased 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 purchasing an additional 300 shares during the period. Sunrise Financial Services LLC bought a new stake in shares of Builders FirstSource during the third quarter valued at about $32,000. Finally, Barrett & Company Inc. bought a new stake in shares of Builders FirstSource during the third quarter valued at about $33,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Up 5.3%

Shares of Builders FirstSource stock opened at $65.88 on Tuesday. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 178.06, a P/E/G ratio of 1.93 and a beta of 1.41. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The stock has a 50-day simple moving average of $58.90 and a 200-day simple moving average of $78.91.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the business earned $1.88 EPS. The firm's revenue was down 2.2% on a year-over-year basis. On average, equities research analysts expect that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BLDR. Truist Financial upped their price objective on shares of Builders FirstSource from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, October 30th. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a research note on Friday, July 31st. Stifel Nicolaus boosted their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock a "hold" rating in a research report on Monday, November 2nd. UBS Group reduced their price target on shares of Builders FirstSource from $88.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, October 30th. Finally, KeyCorp decreased their price objective on shares of Builders FirstSource from $91.00 to $80.00 and set an "overweight" rating for the company in a report on Friday, October 30th. Seven analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $75.55.

About Builders FirstSource

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