Builders FirstSource, Inc. $BLDR Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 153.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,750 shares of the company’s stock after buying an additional 34,931 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Builders FirstSource were worth $3,292,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wedbush Securities Inc. boosted its stake in Builders FirstSource by 5.3% during the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock worth $262,000 after acquiring an additional 147 shares during the last quarter. Private Advisor Group LLC grew its holdings in Builders FirstSource by 5.9% during the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock valued at $238,000 after purchasing an additional 162 shares during the period. Altshuler Shaham Ltd grew its holdings in Builders FirstSource by 2.4% during the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock valued at $626,000 after purchasing an additional 180 shares during the period. Mufg Securities Americas Inc. increased its stake in Builders FirstSource by 5.9% in the second quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock valued at $290,000 after purchasing an additional 180 shares in the last quarter. Finally, American Trust increased its stake in Builders FirstSource by 6.7% in the first quarter. American Trust now owns 3,138 shares of the company’s stock valued at $258,000 after purchasing an additional 197 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Builders FirstSource in a report on Monday, October 19th. KeyCorp decreased their price target on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, October 30th. The Goldman Sachs Group restated a “buy” rating and issued a $78.00 price objective on shares of Builders FirstSource in a research report on Friday, October 30th. UBS Group dropped their price objective on Builders FirstSource from $88.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. Finally, Royal Bank Of Canada reduced their target price on Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating on the stock in a report on Friday, October 30th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Hold” and an average price target of $75.55.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $65.88 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. The company’s 50 day moving average price is $58.90 and its two-hundred day moving average price is $78.91. The company has a market capitalization of $7.09 billion, a P/E ratio of 178.06, a price-to-earnings-growth ratio of 1.93 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 for the quarter, beating the consensus estimate of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the company earned $1.88 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, analysts expect that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

Builders FirstSource Profile