14,650 Shares of Builders FirstSource, Inc. $BLDR Acquired by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 14,650 shares of the company’s stock, valued at approximately $835,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BLDR. BlackRock Inc. purchased a new stake in Builders FirstSource during the 2nd quarter valued at about $700,934,000. M&G PLC purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $226,250,000. Beutel Goodman & Co Ltd. bought a new position in Builders FirstSource in the 3rd quarter worth $108,298,000. Keybank National Association OH raised its stake in Builders FirstSource by 19,306.5% in the third quarter. Keybank National Association OH now owns 1,791,411 shares of the company’s stock worth $102,128,000 after buying an additional 1,782,180 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of Builders FirstSource by 7,181.9% in 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. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 1.1%

BLDR stock opened at $62.23 on Thursday. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The business’s 50-day moving average is $58.82 and its two-hundred day moving average is $78.30. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. The company has a market cap 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.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of Builders FirstSource from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Wells Fargo & Company lifted their price objective on Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. William Blair cut shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 22nd. Stifel Nicolaus upped their target price 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, KeyCorp dropped 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. Seven 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 company. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and an average price target of $75.55.

Builders FirstSource 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.