Campbell & CO Investment Adviser LLC Increases Stock Holdings in Builders FirstSource, Inc. $BLDR

Campbell & CO Investment Adviser LLC grew its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 143.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,581 shares of the company’s stock after purchasing an additional 5,052 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Builders FirstSource were worth $1,040,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BLDR. CYBER HORNET ETFs LLC acquired a new position in Builders FirstSource in the 2nd quarter valued at $38,000. MUFG Securities EMEA plc purchased a new stake in shares of Builders FirstSource in the second quarter valued at about $38,000. Mather Group LLC. acquired a new position in shares of Builders FirstSource during the third quarter worth about $48,000. Smithfield Trust Co increased its stake in shares of Builders FirstSource by 187.7% during the second quarter. Smithfield Trust Co now owns 420 shares of the company’s stock worth $49,000 after acquiring an additional 274 shares during the period. Finally, Financial Consulate Inc. purchased a new position in Builders FirstSource during the third quarter worth about $61,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Down 1.5%

Shares of BLDR stock opened at $127.05 on Monday. The stock has a market cap of $14.05 billion, a P/E ratio of 24.20, a P/E/G ratio of 15.40 and a beta of 1.57. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03. Builders FirstSource, Inc. has a fifty-two week low of $94.35 and a fifty-two week high of $175.12. The business has a fifty day simple moving average of $108.20 and a 200-day simple moving average of $121.90.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.69 by $0.19. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.86 billion. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.07 EPS. On average, analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BLDR shares. Vertical Research initiated coverage on Builders FirstSource in a report on Monday, October 20th. They issued a “sell” rating and a $109.41 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Wells Fargo & Company initiated coverage on Builders FirstSource in a report on Monday, November 17th. They set an “equal weight” rating and a $115.00 price objective on the stock. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, DA Davidson lowered their price target on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Ten investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $133.87.

About Builders FirstSource

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.