259,999 Shares in Builders FirstSource, Inc. $BLDR Bought by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 259,999 shares of the company’s stock, valued at approximately $14,823,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Builders FirstSource in the 2nd quarter valued at $700,934,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource during the second quarter worth $134,908,000. Bank of America Corp DE bought a new stake in shares of Builders FirstSource in the second quarter valued at about $83,832,000. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Builders FirstSource in the third quarter valued at about $48,738,000. Finally, Jupiter Topco LLC acquired a new position in shares of Builders FirstSource in the second quarter valued at about $73,935,000. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BLDR. UBS Group set a $85.00 price objective on shares of Builders FirstSource in a research note on Thursday, October 1st. Robert W. Baird set a $75.00 price target on Builders FirstSource in a research note on Friday, July 31st. Citigroup restated a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Weiss Ratings downgraded shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Finally, Citizens Jmp initiated coverage on shares of Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating for the company. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $84.50.

Builders FirstSource Stock Up 6.3%

BLDR stock opened at $53.70 on Friday. The stock has a market capitalization of $5.78 billion, a P/E ratio of 59.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.45. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average price of $62.50 and a 200-day moving average price of $72.81. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the company earned $2.38 earnings per share. Builders FirstSource’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

Builders FirstSource Profile

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.