Ethic Inc. Purchases 87,111 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Ethic Inc. bought 87,111 Builders FirstSource shares in the third quarter, worth about $4.97 million and representing roughly 0.08% of the company.
• Other institutions also added to or opened positions in BLDR; institutional investors and hedge funds collectively own 95.53% of the stock.
• Builders FirstSource beat quarterly EPS and revenue estimates, though revenue fell 2.2% year over year. Analysts maintain a consensus Hold rating and a $75.55 average price target.

Ethic Inc. purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 87,111 shares of the company's stock, valued at approximately $4,966,000. Ethic Inc. owned about 0.08% of Builders FirstSource at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BLDR. 180 Wealth Advisors LLC purchased a new position in Builders FirstSource during the third quarter worth about $560,000. Buckhead Capital Management LLC acquired a new position in Builders FirstSource in the 3rd quarter valued at about $275,000. Axiom Investment Management LLC purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $606,000. Pictet Asset Management Holding SA grew its stake in shares of Builders FirstSource by 16.1% in the 3rd quarter. Pictet Asset Management Holding SA now owns 4,414,163 shares of the company's stock valued at $251,651,000 after buying an additional 613,087 shares during the period. Finally, AlphaCentric Advisors LLC increased its holdings in shares of Builders FirstSource by 80.0% during the 3rd quarter. AlphaCentric Advisors LLC now owns 22,500 shares of the company's stock worth $1,283,000 after buying an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Trading Up 5.3%

Shares of BLDR stock opened at $65.88 on Tuesday. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The firm has a market cap of $7.09 billion, a PE ratio of 178.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. The company has a 50-day moving average of $58.90 and a two-hundred day moving average of $78.91. 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 (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.45. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The business's revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 EPS. On average, analysts predict that Builders FirstSource, Inc. will post 3.68 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on BLDR. Wells Fargo & Company lifted their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the company an "equal weight" rating in a research report on Friday, October 30th. Stifel Nicolaus increased their price objective on Builders FirstSource from $55.00 to $58.00 and gave the stock a "hold" rating in a research report on Monday, November 2nd. KeyCorp lowered their price objective on Builders FirstSource from $91.00 to $80.00 and set an "overweight" rating for the company in a research report on Friday, October 30th. Royal Bank Of Canada cut their target price on Builders FirstSource from $62.00 to $56.00 and set a "sector perform" rating for the company in a research note on Friday, October 30th. Finally, Robert W. Baird set a $75.00 target price on Builders FirstSource in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $75.55.

About Builders FirstSource

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