Builders FirstSource, Inc. $BLDR Stock: Moors & Cabot Inc. Raises Holdings

Moors & Cabot Inc. grew its position in Builders FirstSource, Inc. (NYSE:BLDR) by 635.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,424 shares of the company’s stock after purchasing an additional 41,843 shares during the quarter. Moors & Cabot Inc.’s holdings in Builders FirstSource were worth $2,761,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of BLDR. Harbor Island Capital LLC bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $12,524,000. Nisa Investment Advisors LLC grew its stake in Builders FirstSource by 40,460.9% during the third quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company’s stock worth $41,761,000 after purchasing an additional 730,723 shares during the period. Louisbourg Investments Inc. acquired a new stake in Builders FirstSource during the third quarter worth approximately $1,949,000. BlackRock Inc. bought a new stake in Builders FirstSource in the second quarter worth approximately $700,934,000. Finally, First Citizens Bank & Trust Co. bought a new stake in Builders FirstSource in the third quarter worth approximately $3,218,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Up 0.7%

Builders FirstSource stock traded up $0.42 during midday trading on Friday, reaching $60.54. The stock had a trading volume of 1,473,633 shares, compared to its average volume of 2,758,191. The company has a fifty day moving average price of $58.69 and a two-hundred day moving average price of $77.72. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $6.51 billion, a P/E ratio of 163.63, a PEG ratio of 1.60 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results 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. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the company earned $1.88 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, equities analysts expect that Builders FirstSource, Inc. will post 3.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays dropped their price target on Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Benchmark reduced their price objective on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Loop Capital lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price objective for the company. in a research note on Monday, October 26th. Finally, Oppenheimer dropped their target price on shares of Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. Seven 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 company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $75.55.

Builders FirstSource Company 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.