Tidal Investments LLC Grows Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Tidal Investments LLC raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 129.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,845 shares of the company's stock after buying an additional 11,194 shares during the period. Tidal Investments LLC's holdings in Builders FirstSource were worth $3,847,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLDR. Innealta Capital LLC acquired a new position in shares of Builders FirstSource during the 2nd quarter worth about $27,000. Brooklyn Investment Group bought a new stake in Builders FirstSource in the 3rd quarter valued at about $28,000. Armstrong Advisory Group Inc. bought a new stake in Builders FirstSource in the 3rd quarter valued at about $30,000. First Horizon Advisors Inc. boosted its holdings in Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company's stock valued at $35,000 after purchasing an additional 75 shares during the period. Finally, New Millennium Group LLC bought a new stake in Builders FirstSource in the 2nd quarter valued at about $38,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now owns 33,083 shares of the company's stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.80% of the company's stock.

Builders FirstSource Stock Down 2.5 %

Builders FirstSource stock traded down $4.25 during midday trading on Friday, hitting $166.43. 1,407,009 shares of the stock were exchanged, compared to its average volume of 1,530,210. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70. The stock has a market capitalization of $19.15 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06. The business's 50-day moving average price is $181.69 and its 200-day moving average price is $169.04. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.44 billion. During the same quarter last year, the firm posted $4.24 earnings per share. The firm's revenue for the quarter was down 6.7% compared to the same quarter last year. On average, research analysts expect that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BLDR. Bank of America increased their price target on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a "neutral" rating in a research report on Thursday, September 19th. Royal Bank of Canada raised their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. UBS Group began coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They set a "buy" rating and a $232.00 price target for the company. Robert W. Baird lifted their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Finally, Oppenheimer restated an "outperform" rating and issued a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $210.00.

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.