CenterBook Partners LP Acquires New Stake in Builders FirstSource, Inc. $BLDR

Key Points

• CenterBook Partners acquired a new 33,095-share stake in Builders FirstSource during the third quarter, valued at approximately $1.89 million.
• The company reported quarterly EPS of $1.51, beating the $1.06 consensus, and revenue of $3.85 billion, above estimates; revenue nevertheless declined 2.2% year over year.
• Analyst sentiment was mixed, with a consensus Hold rating and a $75.55 average price target. Institutional investors collectively own 95.53% of the stock.

CenterBook Partners LP bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 33,095 shares of the company's stock, valued at approximately $1,887,000.

Other institutional investors have also recently made changes to their positions in the company. Canvas Wealth Advisors LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at approximately $146,000. Asset One Wealth Management LLC bought a new position in Builders FirstSource in the third quarter worth $266,000. Heritage Family Offices LLP bought a new position in Builders FirstSource in the third quarter worth $1,337,000. Allegiance Financial Group Advisory Services LLC bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at $256,000. Finally, Waldron Private Wealth LLC purchased a new stake in shares of Builders FirstSource in the 3rd quarter worth about $273,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Down 0.2%

NYSE:BLDR opened at $62.42 on Monday. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 168.72, a PEG ratio of 1.74 and a beta of 1.41. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The company's 50 day moving average price is $58.94 and its 200-day moving average price is $79.21. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.45. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 EPS. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock a "hold" rating in a research note on Monday, November 2nd. Barclays dropped their price objective on shares of Builders FirstSource from $81.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, October 30th. The Goldman Sachs Group restated a "buy" rating and issued a $78.00 price objective on shares of Builders FirstSource in a report on Friday, October 30th. Melius Research started coverage on shares of Builders FirstSource in a research note on Tuesday, October 6th. They set a "sell" rating and a $52.00 target price for the company. Finally, DA Davidson set a $68.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Builders FirstSource has an average rating of "Hold" and a consensus price target of $75.55.

About Builders FirstSource

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