AXQ Capital LP Buys 6,420 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

AXQ Capital LP increased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 381.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,101 shares of the company’s stock after purchasing an additional 6,420 shares during the period. AXQ Capital LP’s holdings in Builders FirstSource were worth $1,158,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mountaineer Partners Management LLC purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $2,099,877,000. FMR LLC boosted its holdings in Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after buying an additional 3,186,876 shares during the period. Loomis Sayles & Co. L P increased its stake in Builders FirstSource by 256,479.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company’s stock worth $128,331,000 after acquiring an additional 661,718 shares during the last quarter. Proficio Capital Partners LLC grew its position in Builders FirstSource by 15,533.9% in the fourth quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company’s stock worth $92,891,000 after acquiring an additional 645,746 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its position in Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock valued at $277,776,000 after purchasing an additional 623,583 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BLDR shares. BMO Capital Markets cut their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research report on Monday, February 24th. Raymond James reiterated an “outperform” rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Stifel Nicolaus decreased their price objective on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a report on Monday, February 24th. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Truist Financial dropped their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource Stock Down 1.8 %

Builders FirstSource stock opened at $126.42 on Friday. Builders FirstSource, Inc. has a fifty-two week low of $122.49 and a fifty-two week high of $212.24. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The firm has a 50 day moving average price of $148.43 and a 200 day moving average price of $165.97. The company has a market capitalization of $14.36 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource Company Profile

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.