29,949 Builders FirstSource, Inc. $BLDR Shares Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 20,943.4% in the third quarter, Holdings Channel.com reports. The firm owned 30,092 shares of the company’s stock after buying an additional 29,949 shares during the period. SBI Securities Co. Ltd.’s holdings in Builders FirstSource were worth $1,716,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at approximately $700,934,000. Dimensional Fund Advisors LP grew its position in shares of Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after buying an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource during the second quarter worth approximately $134,908,000. Pictet Asset Management Holding SA grew its position in shares of Builders FirstSource by 74.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after buying an additional 588,987 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Builders FirstSource in the second quarter worth $83,832,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Truist Financial cut their price target on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Melius Research started coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They issued 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 research note on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $82.25.

Builders FirstSource Trading Down 1.1%

NYSE:BLDR opened at $56.88 on Friday. The company has a market cap of $6.12 billion, a PE ratio of 62.51, a P/E/G ratio of 1.91 and a beta of 1.45. The business’s 50 day moving average is $60.29 and its two-hundred day moving average is $71.80. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50.

Builders FirstSource (NYSE:BLDR) last issued its quarterly 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 firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm posted $2.38 earnings per share. Builders FirstSource’s revenue was down 8.8% compared to the same quarter last year. On average, analysts predict that Builders FirstSource, Inc. will post 3.07 EPS for the current year.

Builders FirstSource Company Profile

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.