Tidal Investments LLC Increases Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Tidal Investments LLC increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 129.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,845 shares of the company’s stock after buying an additional 11,194 shares during the period. Tidal Investments LLC’s holdings in Builders FirstSource were worth $3,847,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC raised its holdings in shares of Builders FirstSource by 3.7% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock valued at $305,000 after purchasing an additional 56 shares in the last quarter. World Equity Group Inc. raised its stake in Builders FirstSource by 4.1% in the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after buying an additional 64 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Builders FirstSource by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after buying an additional 64 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Builders FirstSource by 0.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock worth $1,417,000 after acquiring an additional 74 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Down 2.5 %

Shares of Builders FirstSource stock opened at $166.43 on Friday. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70. The company has a market cap of $19.15 billion, a P/E ratio of 16.25, a PEG ratio of 0.96 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The firm has a fifty day moving average of $181.69 and a two-hundred day moving average of $169.04.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.24 earnings per share. On average, analysts forecast that Builders FirstSource, Inc. will post 11.55 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on BLDR. Royal Bank of Canada increased their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Robert W. Baird increased their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Bank of America boosted their price target on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. DA Davidson raised their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Wedbush reissued an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $210.00.

Insider Transactions at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now owns 33,083 shares in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

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.