Creekside Partners Makes New Investment in Builders FirstSource, Inc. $BLDR

Creekside Partners acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 10,101 shares of the company’s stock, valued at approximately $576,000.

Other institutional investors have also modified their holdings of the company. M&G PLC acquired a new stake in Builders FirstSource in the third quarter valued at $226,250,000. Kestra Investment Management LLC purchased a new stake in Builders FirstSource during the 3rd quarter worth about $400,000. Leuthold Group LLC purchased a new stake in Builders FirstSource during the 3rd quarter worth about $251,000. Retirement Systems of Alabama boosted its position in shares of Builders FirstSource by 7,181.9% during the 3rd quarter. Retirement Systems of Alabama now owns 1,645,420 shares of the company’s stock worth $93,805,000 after acquiring an additional 1,622,824 shares in the last quarter. Finally, Private Management Group Inc. acquired a new position in shares of Builders FirstSource during the 3rd quarter worth about $639,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of recent analyst reports. Citigroup reiterated a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Wells Fargo & Company boosted their target price on Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, October 30th. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Stifel Nicolaus increased their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the company a “hold” rating in a research note on Monday, November 2nd. Finally, Loop Capital lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price target on the stock. in a research note on Monday, October 26th. Seven analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Price Performance

Shares of BLDR opened at $65.88 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The stock has a market cap of $7.09 billion, a PE ratio of 178.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. The firm has a fifty day moving average price of $58.90 and a 200 day moving average price of $78.91.

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

Builders FirstSource Profile