QTR Family Wealth LLC Purchases 9,220 Shares of Builders FirstSource, Inc. $BLDR

QTR Family Wealth LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, HoldingsChannel reports. The fund acquired 9,220 shares of the company’s stock, valued at approximately $526,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Island Capital LLC acquired a new position in shares of Builders FirstSource during the third quarter worth about $12,524,000. Nisa Investment Advisors LLC raised its holdings 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 in the last quarter. BlackRock Inc. purchased a new position in Builders FirstSource during the second quarter worth about $700,934,000. Louisbourg Investments Inc. acquired a new stake in Builders FirstSource in the third quarter valued at about $1,949,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in Builders FirstSource in the third quarter valued at about $3,218,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $65.41 on Friday. The firm’s fifty day simple moving average is $59.03 and its 200-day simple moving average is $79.51. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The stock has a market cap of $7.04 billion, a PE ratio of 176.79, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BLDR shares. KeyCorp lowered their price objective on Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Truist Financial increased their target price on Builders FirstSource from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Robert W. Baird set a $75.00 target price on Builders FirstSource in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $66.00 price target on Builders FirstSource in a report on Friday, July 31st. Finally, Citizens Jmp started coverage on Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating on the stock. Seven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $75.55.

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.