SG Americas Securities LLC Invests $11.57 Million in Builders FirstSource, Inc. $BLDR

SG Americas Securities LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 112,463 shares of the company’s stock, valued at approximately $11,571,000. SG Americas Securities LLC owned approximately 0.10% of Builders FirstSource as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position in shares of Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $34,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Builders FirstSource during the second quarter worth approximately $38,000. MUFG Securities EMEA plc bought a new stake in shares of Builders FirstSource in the second quarter worth $38,000. Finally, IMA Advisory Services Inc. increased its stake in shares of Builders FirstSource by 40.9% in the third quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock worth $43,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 2.1%

BLDR stock opened at $80.47 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02. Builders FirstSource, Inc. has a fifty-two week low of $80.00 and a fifty-two week high of $151.03. The firm’s 50-day simple moving average is $105.98 and its 200 day simple moving average is $112.11. The stock has a market cap of $8.90 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.94 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the firm earned $2.31 earnings per share. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Ratings Changes

BLDR has been the subject of several research analyst reports. Benchmark dropped their target price on shares of Builders FirstSource from $142.00 to $138.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Stephens restated an “equal weight” rating and set a $125.00 price objective on shares of Builders FirstSource in a research note on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Builders FirstSource from $117.00 to $102.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. Wells Fargo & Company upped their price target on Builders FirstSource from $115.00 to $120.00 and gave the company a “cautious” rating in a research report on Wednesday, February 11th. Finally, Stifel Nicolaus decreased their price objective on shares of Builders FirstSource from $115.00 to $93.00 and set a “hold” rating for the company in a report on Monday, March 16th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $126.65.

Insider Activity

In other Builders FirstSource news, Director Paul S. Levy acquired 50,000 shares of Builders FirstSource stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the transaction, the director owned 1,727,191 shares in the company, valued at approximately $151,526,466.43. This represents a 2.98% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.