27,355 Shares in Builders FirstSource, Inc. $BLDR Bought by Carret Asset Management LLC

Carret Asset Management LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, HoldingsChannel reports. The firm purchased 27,355 shares of the company’s stock, valued at approximately $1,560,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Harbor Island Capital LLC acquired a new position in Builders FirstSource in the third quarter valued at $12,524,000. Nisa Investment Advisors LLC boosted its position in Builders FirstSource by 40,460.9% during the third quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company’s stock valued at $41,761,000 after acquiring an additional 730,723 shares during the last quarter. BlackRock Inc. acquired a new stake in Builders FirstSource during the 2nd quarter worth about $700,934,000. Louisbourg Investments Inc. acquired a new stake in Builders FirstSource during the 3rd quarter worth about $1,949,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in Builders FirstSource during the 3rd quarter worth about $3,218,000. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on BLDR shares. Benchmark lowered their price objective on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a research report on Friday, July 31st. Stifel Nicolaus raised their target price on Builders FirstSource from $55.00 to $58.00 and gave the stock a “hold” rating in a research note on Monday, November 2nd. Loop Capital cut Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 target price for the company. in a research note on Monday, October 26th. Finally, William Blair downgraded Builders FirstSource from an “outperform” rating to a “market perform” rating in a report on Thursday, October 22nd. Seven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Builders FirstSource has a consensus rating of “Hold” and an average price target of $75.55.

Builders FirstSource Stock Down 0.2%

Builders FirstSource stock opened at $62.42 on Monday. The company has a market capitalization of $6.72 billion, a PE ratio of 168.72, a PEG ratio of 1.74 and a beta of 1.41. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The firm’s fifty day moving average is $58.94 and its 200 day moving average is $79.21. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the company posted $1.88 earnings per share. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 3.68 EPS for the current fiscal year.

Builders FirstSource Company Profile