Builders FirstSource, Inc. $BLDR Shares Acquired by Signaturefd LLC

Signaturefd LLC grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 7,162.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 81,925 shares of the company’s stock after buying an additional 80,797 shares during the period. Signaturefd LLC’s holdings in Builders FirstSource were worth $4,671,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC grew its position in Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares in the last quarter. Wedbush Securities Inc. increased its stake in Builders FirstSource by 5.3% during the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock valued at $262,000 after acquiring an additional 147 shares during the period. Private Advisor Group LLC increased its stake in Builders FirstSource by 5.9% during the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock valued at $238,000 after acquiring an additional 162 shares during the period. Altshuler Shaham Ltd raised its holdings in Builders FirstSource by 2.4% in the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock valued at $626,000 after acquiring an additional 180 shares in the last quarter. Finally, Mufg Securities Americas Inc. raised its holdings in Builders FirstSource by 5.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock valued at $290,000 after acquiring an additional 180 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $56.88 on Friday. 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 firm’s 50-day simple moving average is $60.29 and its 200-day simple moving average is $71.80. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The firm has a market cap of $6.12 billion, a P/E ratio of 62.51, a price-to-earnings-growth ratio of 1.89 and a beta of 1.45.

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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the firm earned $2.38 EPS. The business’s revenue was down 8.8% compared to the same quarter last year. As a group, research analysts expect that Builders FirstSource, Inc. will post 3.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Robert W. Baird set a $75.00 price objective on Builders FirstSource in a research report on Friday, July 31st. KeyCorp lowered their price objective on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Barclays lowered their price objective on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Melius Research began coverage on Builders FirstSource in a research note on Tuesday, October 6th. They issued a “sell” rating and a $52.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday, October 19th. Eight analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $82.25.

Read Our Latest Stock Report on BLDR

About Builders FirstSource

(Free Report)

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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