11,084 Shares in Builders FirstSource, Inc. $BLDR Bought by Candriam S.C.A.

Candriam S.C.A. acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 11,084 shares of the company’s stock, valued at approximately $632,000.

Other hedge funds also recently made changes to their positions in the company. American State Bank Iowa acquired a new position in shares of Builders FirstSource in the third quarter valued at $1,255,000. Cullinan Associates Inc. acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth about $3,731,000. Rayburn West Financial Services LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth about $1,109,000. Ethic Inc. acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth about $4,966,000. Finally, 180 Wealth Advisors LLC bought a new stake in shares of Builders FirstSource during the 3rd quarter worth about $560,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

NYSE BLDR opened at $62.23 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 168.19, a P/E/G ratio of 1.67 and a beta of 1.41. The firm’s 50 day simple moving average is $58.82 and its 200 day simple moving average is $78.30. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, beating 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 business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the firm posted $1.88 earnings per share. Builders FirstSource’s revenue was down 2.2% compared to the same quarter last year. As a group, research analysts expect that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on BLDR. KeyCorp lowered their price target on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Robert W. Baird set a $75.00 price objective on Builders FirstSource in a report on Friday, July 31st. Melius Research initiated coverage on Builders FirstSource in a report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective for the company. Truist Financial upped their target price on Builders FirstSource from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Finally, Wells Fargo & Company increased 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. Seven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $75.55.

Builders FirstSource Company Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.