Builders FirstSource, Inc. $BLDR Stock Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1,774.2% during the third quarter, Holdings Channel reports. The firm owned 92,624 shares of the company’s stock after purchasing an additional 87,682 shares during the quarter. Quadrant Capital Group LLC’s holdings in Builders FirstSource were worth $5,280,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eagle Harbor Asset Management Inc. ADV purchased a new stake in Builders FirstSource during the 3rd quarter valued at $284,000. Innova Wealth Partners purchased a new position in shares of Builders FirstSource in the 3rd quarter worth $150,000. Lauterbach Financial Advisors LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter worth $495,000. Newman Dignan & Sheerar Inc. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth $195,000. Finally, Benchmark Financial Wealth Advisors LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter worth $471,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 1.7%

Shares of Builders FirstSource stock opened at $53.87 on Wednesday. The company’s fifty day simple moving average is $61.29 and its 200-day simple moving average is $72.24. The stock has a market capitalization of $5.80 billion, a PE ratio of 59.20, a P/E/G ratio of 1.73 and a beta of 1.45. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the company earned $2.38 earnings per share. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Wall Street Analyst Weigh In

BLDR has been the subject of several research analyst reports. KeyCorp cut their price objective on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Royal Bank Of Canada lowered their target price on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Robert W. Baird set a $75.00 target price on Builders FirstSource in a report on Friday, July 31st. Citigroup reissued a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Finally, Benchmark cut their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $82.25.

Builders FirstSource Company Profile

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.