AlphaQuest LLC Boosts Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

AlphaQuest LLC raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 5,227.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 586 shares of the company’s stock after purchasing an additional 575 shares during the quarter. AlphaQuest LLC’s holdings in Builders FirstSource were worth $84,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Builders FirstSource during the fourth quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $34,000. Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource during the third quarter valued at $46,000. Finally, Avion Wealth raised its holdings in shares of Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after acquiring an additional 306 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on BLDR shares. Stifel Nicolaus reduced their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a report on Monday, February 24th. Loop Capital dropped their price objective on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Truist Financial decreased their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada decreased their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Five 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 company. Based on data from MarketBeat, Builders FirstSource has a consensus rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource Trading Down 0.3 %

NYSE BLDR opened at $127.79 on Wednesday. The company’s 50 day moving average price is $149.31 and its 200 day moving average price is $166.83. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a one year low of $122.49 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

About Builders FirstSource

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.