Waratah Capital Advisors Ltd. Purchases Shares of 6,027 Builders FirstSource, Inc. $BLDR

Waratah Capital Advisors Ltd. acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,027 shares of the company’s stock, valued at approximately $731,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new stake in Builders FirstSource during the 3rd quarter worth about $34,000. CYBER HORNET ETFs LLC acquired a new stake in Builders FirstSource in the second quarter valued at approximately $38,000. MUFG Securities EMEA plc purchased a new position in Builders FirstSource in the second quarter worth approximately $38,000. IMA Advisory Services Inc. grew its holdings in Builders FirstSource by 40.9% during the 3rd quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock worth $43,000 after acquiring an additional 103 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Builders FirstSource during the 3rd quarter worth approximately $44,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BLDR has been the topic of a number of analyst reports. DA Davidson reduced their price objective on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. UBS Group decreased their price target on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Zacks Research cut Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Jefferies Financial Group cut their target price on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, January 21st. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and a consensus target price of $127.39.

Builders FirstSource Trading Up 2.3%

NYSE:BLDR opened at $109.77 on Wednesday. The company has a market capitalization of $12.14 billion, a PE ratio of 28.29, a P/E/G ratio of 1.76 and a beta of 1.56. Builders FirstSource, Inc. has a 52-week low of $94.35 and a 52-week high of $151.03. The stock’s 50 day moving average price is $114.89 and its 200 day moving average price is $119.77. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The business’s revenue was down 12.1% on a year-over-year basis. During the same quarter last year, the business posted $2.31 earnings per share. On average, research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.