14,650 Shares in Builders FirstSource, Inc. $BLDR Bought by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 14,650 shares of the company’s stock, valued at approximately $835,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wedbush Securities Inc. increased its holdings in shares of Builders FirstSource by 5.3% in the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock worth $262,000 after buying an additional 147 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Builders FirstSource by 5.9% during the 1st quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock worth $238,000 after acquiring an additional 162 shares during the last quarter. Altshuler Shaham Ltd lifted its holdings in shares of Builders FirstSource by 2.4% during the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock worth $626,000 after acquiring an additional 180 shares during the last quarter. Mufg Securities Americas Inc. lifted its holdings in shares of Builders FirstSource by 5.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock worth $290,000 after acquiring an additional 180 shares during the last quarter. Finally, Park Avenue Securities LLC grew its position in Builders FirstSource by 2.8% in the third quarter. Park Avenue Securities LLC now owns 7,375 shares of the company’s stock worth $420,000 after acquiring an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 1.1%

BLDR stock opened at $62.23 on Thursday. The company has a market capitalization of $6.70 billion, a PE ratio of 168.19, a price-to-earnings-growth ratio of 1.67 and a beta of 1.41. 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 one year low of $49.67 and a one year high of $131.50. The company’s 50 day moving average price is $58.82 and its two-hundred day moving average price is $78.30.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 EPS. The firm’s revenue was down 2.2% on a year-over-year basis. As a group, analysts predict that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BLDR shares. Benchmark reduced their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. KeyCorp lowered their price target on Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, October 30th. Loop Capital lowered Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price target for the company. in a research note on Monday, October 26th. Wells Fargo & Company upped their price objective on Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. Finally, DA Davidson set a $68.00 price objective on Builders FirstSource in a research report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and an average price target of $75.55.

Builders FirstSource Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.