Builders FirstSource, Inc. $BLDR Shares Bought by CYBER HORNET ETFs LLC

CYBER HORNET ETFs LLC raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3,154.1% during the 2nd quarter, Holdings Channel reports. The firm owned 9,925 shares of the company’s stock after buying an additional 9,620 shares during the quarter. CYBER HORNET ETFs LLC’s holdings in Builders FirstSource were worth $885,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its stake in shares of Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 132 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Root Financial Partners LLC increased its holdings in Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares during the period. Transamerica Financial Advisors LLC increased its holdings in Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after buying an additional 175 shares during the period. Finally, MUFG Securities EMEA plc purchased a new position in Builders FirstSource during the 2nd quarter worth approximately $38,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BLDR has been the subject of several research reports. Barclays decreased their price objective on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $66.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. DA Davidson set a $68.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. Wells Fargo & Company lowered their price target on shares of Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Finally, KeyCorp reduced their price objective on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $90.35.

Builders FirstSource Stock Down 0.1%

BLDR opened at $65.74 on Monday. Builders FirstSource, Inc. has a fifty-two week low of $62.31 and a fifty-two week high of $151.03. 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 company has a fifty day moving average of $73.05 and a two-hundred day moving average of $80.50. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 72.24, a PEG ratio of 2.14 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the company earned $2.38 earnings per share. The company’s revenue was down 8.8% compared to the same quarter last year. On average, research analysts expect that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.