Cartenna Capital LP Takes Position in Builders FirstSource, Inc. $BLDR

Cartenna Capital LP bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 150,000 shares of the company’s stock, valued at approximately $18,188,000.

A number of other hedge funds have also recently added to or reduced their stakes in BLDR. State Street Corp increased its holdings in Builders FirstSource by 0.6% in the second quarter. State Street Corp now owns 5,026,553 shares of the company’s stock valued at $586,548,000 after buying an additional 29,443 shares in the last quarter. Capital International Investors acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $429,640,000. Sands Capital Management LLC increased its stake in shares of Builders FirstSource by 139.1% in the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock valued at $294,747,000 after purchasing an additional 1,414,129 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Builders FirstSource by 235.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock valued at $229,585,000 after purchasing an additional 1,328,363 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Builders FirstSource by 2,498.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock worth $224,861,000 after purchasing an additional 1,783,164 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

NYSE:BLDR opened at $88.10 on Friday. The stock has a 50 day moving average of $112.89 and a two-hundred day moving average of $116.08. Builders FirstSource, Inc. has a 12 month low of $86.18 and a 12 month high of $151.03. The firm has a market cap of $9.74 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 2.13 and a beta of 1.56. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on BLDR shares. William Blair started coverage on Builders FirstSource in a research report on Thursday, February 26th. They set an “outperform” rating on the stock. Stephens reduced their target price on Builders FirstSource from $137.00 to $125.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Robert W. Baird decreased their target price on Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Royal Bank Of Canada raised shares of Builders FirstSource from a “sector perform” rating to an “outperform” rating and set a $119.00 price target on the stock in a research note on Thursday, March 5th. Finally, Zacks Research lowered shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $127.81.

About Builders FirstSource

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.