StoneRidge PMG Advisors LLC Acquires 11,136 Shares of Builders FirstSource, Inc. $BLDR

StoneRidge PMG Advisors LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,136 shares of the company’s stock, valued at approximately $635,000.

Other institutional investors also recently bought and sold shares of the company. Wedbush Securities Inc. increased its position in shares of Builders FirstSource by 5.3% in the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock valued at $262,000 after buying an additional 147 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Builders FirstSource by 5.9% in the 1st quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock worth $238,000 after buying an additional 162 shares in the last quarter. Altshuler Shaham Ltd boosted its position in shares of Builders FirstSource by 2.4% in the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock worth $626,000 after buying an additional 180 shares in the last quarter. Mufg Securities Americas Inc. boosted its position in shares of Builders FirstSource by 5.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock worth $290,000 after buying an additional 180 shares in the last quarter. Finally, American Trust grew its stake in Builders FirstSource by 6.7% in the 1st quarter. American Trust now owns 3,138 shares of the company’s stock valued at $258,000 after acquiring an additional 197 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BLDR has been the subject of a number of research reports. Truist Financial lifted their target price on shares of Builders FirstSource from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday, October 19th. Citigroup reissued a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Barclays dropped their price objective on shares of Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Finally, Oppenheimer cut their price objective on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Seven investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource has an average rating of “Hold” and an average price target of $75.55.

Builders FirstSource Stock Down 0.2%

BLDR opened at $62.42 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The firm has a market cap of $6.72 billion, a P/E ratio of 168.72, a PEG ratio of 1.74 and a beta of 1.41. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. The business’s fifty day simple moving average is $58.94 and its 200 day simple moving average is $79.21.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the business posted $1.88 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 3.68 EPS for the current fiscal year.

About Builders FirstSource