Quarry LP Acquires 725 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Quarry LP increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 290.0% during the 4th quarter, HoldingsChannel reports. The fund owned 975 shares of the company’s stock after buying an additional 725 shares during the period. Quarry LP’s holdings in Builders FirstSource were worth $139,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Builders FirstSource by 3.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock worth $278,000 after acquiring an additional 64 shares in the last quarter. Integrated Investment Consultants LLC grew its holdings in shares of Builders FirstSource by 0.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after buying an additional 65 shares during the last quarter. TFB Advisors LLC increased its position in shares of Builders FirstSource by 2.1% during the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after acquiring an additional 79 shares in the last quarter. HighPoint Advisor Group LLC raised its holdings in Builders FirstSource by 5.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company’s stock worth $262,000 after acquiring an additional 83 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Builders FirstSource by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,835 shares of the company’s stock valued at $548,000 after acquiring an additional 92 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE:BLDR opened at $121.55 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $13.83 billion, a P/E ratio of 13.42, a P/E/G ratio of 0.80 and a beta of 1.99. Builders FirstSource, Inc. has a 12 month low of $110.84 and a 12 month high of $203.14. The business’s 50-day moving average is $126.73 and its 200 day moving average is $153.04.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on BLDR shares. Benchmark reduced their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. The Goldman Sachs Group reduced their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Stifel Nicolaus reduced their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a report on Monday, February 24th. Royal Bank of Canada reduced their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft started coverage on Builders FirstSource in a report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 target price for the company. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $186.84.

Builders FirstSource Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.