10,626 Shares in Builders FirstSource, Inc. $BLDR Bought by Axiom Investment Management LLC

Axiom Investment Management LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 10,626 shares of the company’s stock, valued at approximately $606,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Builders FirstSource in the second quarter worth $700,934,000. Pictet Asset Management Holding SA increased its position in shares of Builders FirstSource by 16.1% during the third quarter. Pictet Asset Management Holding SA now owns 4,414,163 shares of the company’s stock worth $251,651,000 after acquiring an additional 613,087 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after acquiring an additional 325,935 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource in the second quarter valued at $134,908,000. Finally, Daily Journal Corp acquired a new stake in shares of Builders FirstSource in the third quarter valued at $80,555,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BLDR. Truist Financial lifted their target price on Builders FirstSource from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, October 30th. Benchmark cut their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $78.00 price target on shares of Builders FirstSource in a research report on Friday, October 30th. Stifel Nicolaus lifted their price objective on Builders FirstSource from $55.00 to $58.00 and gave the company a “hold” rating in a research note on Monday, November 2nd. Finally, Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Seven equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Price Performance

Shares of BLDR opened at $62.42 on Friday. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The firm’s fifty day simple moving average is $58.94 and its 200-day simple moving average is $79.21. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 168.72, a PEG ratio of 1.74 and a beta of 1.41. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.45. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.88 EPS. Equities analysts forecast that Builders FirstSource, Inc. will post 3.68 EPS for the current fiscal year.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.