Triton Wealth Management PLLC lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,623 shares of the company’s stock after selling 156 shares during the quarter. Triton Wealth Management PLLC’s holdings in Builders FirstSource were worth $535,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in Builders FirstSource by 11.4% during the first quarter. Tower Research Capital LLC TRC now owns 4,138 shares of the company’s stock valued at $367,000 after purchasing an additional 423 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $1,387,000. Candriam S.C.A. bought a new position in shares of Builders FirstSource in the 2nd quarter valued at about $1,243,000. Leo Brokerage LLC purchased a new position in Builders FirstSource in the first quarter worth about $548,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Builders FirstSource during the first quarter worth approximately $579,000. Institutional investors own 94.73% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on BLDR. Stephens dropped their target price on Builders FirstSource from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. BMO Capital Markets upped their target price on Builders FirstSource from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, August 4th. Barclays decreased their price target on Builders FirstSource from $200.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, October 12th. Benchmark upped their price objective on Builders FirstSource from $153.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average price target of $140.77.
Builders FirstSource Stock Up 2.5 %
BLDR stock traded up $3.24 during trading on Friday, hitting $133.59. 2,192,367 shares of the company’s stock traded hands, compared to its average volume of 1,885,979. The company has a quick ratio of 1.11, a current ratio of 1.76 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $16.48 billion, a P/E ratio of 11.34 and a beta of 2.04. The business has a fifty day simple moving average of $121.66 and a two-hundred day simple moving average of $128.54. Builders FirstSource, Inc. has a 1 year low of $59.39 and a 1 year high of $156.85.
Builders FirstSource (NYSE:BLDR – Get Free Report) last announced its earnings results on Wednesday, November 1st. The company reported $4.24 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.19. Builders FirstSource had a net margin of 9.10% and a return on equity of 41.27%. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.88 billion. During the same period in the previous year, the company posted $5.20 earnings per share. The firm’s revenue was down 21.3% on a year-over-year basis. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 13.72 EPS for the current year.
Builders FirstSource Profile
Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. 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 comprising intricate mouldings, stair parts, and columns under the Synboard brand name.
- Five stocks we like better than Builders FirstSource
- How to Invest in the Healthcare Sector
- S&P 500’s Whirlwind: Big gains, warning whispers & tactical moves
- Compound Interest and Why It Matters When Investing
- MarketBeat Week in Review – 11/13 – 11/17
- Financial Services Stocks Investing
- 3 large caps with red hot RSIs with upside
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.