Tibra Equities Europe Ltd acquired a new position in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,400 shares of the company’s stock, valued at approximately $219,000.
Other large investors also recently modified their holdings of the company. Stephens Inc. AR lifted its position in Builders FirstSource by 10.6% during the 4th quarter. Stephens Inc. AR now owns 11,472 shares of the company’s stock valued at $125,000 after purchasing an additional 1,100 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $30,000. PNC Financial Services Group Inc. raised its position in shares of Builders FirstSource by 2,338.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,389 shares of the company’s stock valued at $37,000 after acquiring an additional 3,250 shares during the period. IndexIQ Advisors LLC raised its position in shares of Builders FirstSource by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 114,579 shares of the company’s stock valued at $1,682,000 after acquiring an additional 4,328 shares during the period. Finally, Raymond James & Associates raised its position in shares of Builders FirstSource by 5.6% in the 4th quarter. Raymond James & Associates now owns 88,313 shares of the company’s stock valued at $963,000 after acquiring an additional 4,647 shares during the period. 95.12% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have commented on BLDR. Royal Bank of Canada downgraded shares of Builders FirstSource from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $18.00 to $13.00 in a report on Friday, January 11th. BidaskClub downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Saturday, March 16th. B. Riley dropped their target price on shares of Builders FirstSource from $22.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, March 5th. SunTrust Banks downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, DA Davidson downgraded shares of Builders FirstSource from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $20.00 to $14.00 in a report on Thursday, January 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Builders FirstSource presently has a consensus rating of “Hold” and an average target price of $16.77.
Shares of NASDAQ:BLDR traded up $0.05 during midday trading on Wednesday, hitting $14.11. The stock had a trading volume of 42,361 shares, compared to its average volume of 610,410. Builders FirstSource, Inc. has a 12 month low of $10.15 and a 12 month high of $20.79. The company has a current ratio of 1.88, a quick ratio of 1.06 and a debt-to-equity ratio of 2.59. The stock has a market capitalization of $1.63 billion, a PE ratio of 7.42, a P/E/G ratio of 1.76 and a beta of 2.22.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Thursday, February 28th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. Builders FirstSource had a return on equity of 44.30% and a net margin of 2.66%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.88 billion. On average, equities analysts predict that Builders FirstSource, Inc. will post 1.62 earnings per share for the current fiscal year.
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About Builders FirstSource
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.
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