9,182 Shares of Builders FirstSource, Inc. $BLDR Bought by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,182 shares of the company’s stock, valued at approximately $523,000.

A number of other hedge funds have also made changes to their positions in the business. StrongBox Wealth LLC purchased a new stake in Builders FirstSource during the 3rd quarter worth $50,000. Valtinson Bruner Financial Planning LLC purchased a new position in Builders FirstSource in the third quarter valued at about $1,004,000. QTR Family Wealth LLC purchased a new position in Builders FirstSource in the third quarter valued at about $526,000. Platform Technology Partners acquired a new position in shares of Builders FirstSource during the third quarter worth about $716,000. Finally, Capstone Wealth Management LLC acquired a new position in shares of Builders FirstSource during the third quarter worth about $404,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BLDR. Royal Bank Of Canada lowered their target price on Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating for the company in a research note on Friday, October 30th. DA Davidson set a $68.00 price target on Builders FirstSource in a research report on Friday, July 31st. Citigroup restated a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Loop Capital downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price objective for the company. in a research report on Monday, October 26th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Hold” and a consensus price target of $75.55.

Builders FirstSource Stock Down 4.7%

Shares of Builders FirstSource stock traded down $3.08 during trading hours on Friday, hitting $62.42. 2,438,293 shares of the company’s stock traded hands, compared to its average volume of 2,799,644. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The company has a market cap of $6.72 billion, a PE ratio of 168.72, a PEG ratio of 2.11 and a beta of 1.41. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The stock has a 50 day simple moving average of $58.94 and a 200-day simple moving average of $79.21.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.06 by $0.45. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.88 earnings per share. Equities research analysts anticipate that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Builders FirstSource 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.