Connor Clark & Lunn Investment Management Ltd. bought a new stake in Builders FirstSource, Inc. (NASDAQ:BLDR) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 95,750 shares of the company’s stock, valued at approximately $1,406,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Builders FirstSource at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc grew its position in shares of Builders FirstSource by 229.8% during the second quarter. NumerixS Investment Technologies Inc now owns 5,600 shares of the company’s stock worth $101,000 after buying an additional 3,902 shares in the last quarter. Essex Investment Management Co. LLC grew its position in shares of Builders FirstSource by 3.2% during the third quarter. Essex Investment Management Co. LLC now owns 154,116 shares of the company’s stock worth $2,262,000 after buying an additional 4,807 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Builders FirstSource by 7.4% during the first quarter. Principal Financial Group Inc. now owns 81,790 shares of the company’s stock worth $1,623,000 after buying an additional 5,610 shares in the last quarter. Rhumbline Advisers grew its position in shares of Builders FirstSource by 6.1% during the second quarter. Rhumbline Advisers now owns 109,475 shares of the company’s stock worth $2,002,000 after buying an additional 6,261 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Builders FirstSource by 140.2% during the first quarter. Royal Bank of Canada now owns 10,965 shares of the company’s stock worth $218,000 after buying an additional 6,401 shares in the last quarter. 93.62% of the stock is owned by institutional investors.
BLDR stock opened at $12.04 on Friday. The company has a market cap of $1.43 billion, a P/E ratio of 6.75, a price-to-earnings-growth ratio of 1.34 and a beta of 1.99. Builders FirstSource, Inc. has a fifty-two week low of $11.60 and a fifty-two week high of $23.28. The company has a debt-to-equity ratio of 3.39, a current ratio of 2.09 and a quick ratio of 1.21.
Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Thursday, November 1st. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.08. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Builders FirstSource had a return on equity of 48.32% and a net margin of 1.44%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 1.87 earnings per share for the current fiscal year.
In related news, Director Floyd F. Sherman sold 196,512 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $13.78, for a total transaction of $2,707,935.36. Following the completion of the sale, the director now owns 478,346 shares in the company, valued at $6,591,607.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is owned by insiders.
A number of equities analysts have recently commented on BLDR shares. Barclays lowered their price objective on Builders FirstSource from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, August 13th. TheStreet raised Builders FirstSource from a “c+” rating to a “b” rating in a research report on Wednesday, August 15th. Deutsche Bank lowered their price objective on Builders FirstSource from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, August 20th. ValuEngine downgraded Builders FirstSource from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 30th. Finally, BidaskClub raised Builders FirstSource from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $18.82.
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Builders FirstSource Company Profile
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.
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