10,000 Builders FirstSource, Inc. $BLDR Shares Purchased by AlphaCentric Advisors LLC

by · The Cerbat Gem

AlphaCentric Advisors LLC increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 80.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 22,500 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Builders FirstSource makes up 1.1% of AlphaCentric Advisors LLC’s investment portfolio, making the stock its 16th largest position. AlphaCentric Advisors LLC’s holdings in Builders FirstSource were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Builders FirstSource during the 2nd quarter valued at approximately $700,934,000. Dimensional Fund Advisors LP lifted its stake in shares of Builders FirstSource by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after purchasing an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Builders FirstSource in the second quarter valued at approximately $134,908,000. Daily Journal Corp acquired a new stake in shares of Builders FirstSource in the third quarter valued at $80,555,000. Finally, Bank of America Corp DE acquired a new position in Builders FirstSource in the second quarter valued at $83,832,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Trading Down 4.7%

Shares of Builders FirstSource stock opened at $62.42 on Friday. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The company’s fifty day simple moving average is $58.94 and its 200-day simple moving average is $79.21. 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 company has a market cap of $6.72 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 2.11 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) 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 firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the firm earned $1.88 earnings per share. The company’s revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 3.68 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating 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. Benchmark decreased their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. William Blair cut shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 22nd. Finally, Oppenheimer dropped their price target on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Seven analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and a consensus price target of $75.55.

View Our Latest Research Report on BLDR

About Builders FirstSource

(Free Report)

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.

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