AXQ Capital LP Has $1.16 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

AXQ Capital LP raised its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 381.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its position in Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after buying an additional 134 shares during the last quarter. Mountain Lake Investment Management LLC raised its holdings in shares of Builders FirstSource by 7.0% during the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock worth $5,201,000 after purchasing an additional 2,367 shares during the last quarter. Fisher Asset Management LLC lifted its position in Builders FirstSource by 14.9% during the fourth quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock valued at $28,084,000 after purchasing an additional 25,535 shares during the period. Fiera Capital Corp purchased a new stake in Builders FirstSource in the fourth quarter valued at $27,089,000. Finally, Lecap Asset Management Ltd. grew its position in Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock worth $3,151,000 after purchasing an additional 9,970 shares during the period. 95.53% of the stock is owned by institutional investors.

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Builders FirstSource Price Performance

Shares of BLDR stock traded down $0.80 during midday trading on Tuesday, reaching $130.93. 387,452 shares of the company were exchanged, compared to its average volume of 1,598,583. The company's 50 day moving average price is $148.14 and its two-hundred day moving average price is $165.68. 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 company has a market cap of $14.88 billion, a P/E ratio of 14.46, a PEG ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 12 month low of $122.49 and a 12 month high of $212.24.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced 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. 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 analysts' expectations of $3.90 billion. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BLDR. Royal Bank of Canada cut their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Benchmark dropped their price objective on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Truist Financial reduced their target price on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Barclays dropped their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Finally, The Goldman Sachs Group reduced their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.72.

Builders FirstSource 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.