Boothbay Fund Management LLC Makes New Investment in Builders FirstSource, Inc. $BLDR

Boothbay Fund Management LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 20,766 shares of the company’s stock, valued at approximately $2,518,000.

A number of other institutional investors also recently modified their holdings of BLDR. TD Waterhouse Canada Inc. acquired a new stake in shares of Builders FirstSource during the third quarter worth $34,000. CYBER HORNET ETFs LLC bought a new position in shares of Builders FirstSource in the 2nd quarter worth about $38,000. MUFG Securities EMEA plc acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at about $38,000. IMA Advisory Services Inc. lifted its stake in shares of Builders FirstSource by 40.9% in the 3rd quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock valued at $43,000 after purchasing an additional 103 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $44,000. 95.53% of the stock is owned by institutional investors.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy purchased 50,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the purchase, the director owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This trade represents a 2.98% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on BLDR. Zacks Research cut Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Benchmark cut their price target on Builders FirstSource from $142.00 to $138.00 and set a “buy” rating on the stock in a report on Friday, February 20th. BMO Capital Markets reduced their price objective on shares of Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating for the company in a research report on Friday, February 20th. Royal Bank Of Canada upgraded shares of Builders FirstSource from a “sector perform” rating to an “outperform” rating and set a $119.00 price objective for the company in a research note on Thursday, March 5th. Finally, The Goldman Sachs Group dropped their target price on shares of Builders FirstSource from $150.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and a consensus price target of $126.65.

Builders FirstSource Stock Down 1.2%

Shares of NYSE:BLDR opened at $87.05 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. Builders FirstSource, Inc. has a 52-week low of $86.18 and a 52-week high of $151.03. The business’s 50 day simple moving average is $112.46 and its two-hundred day simple moving average is $115.52. The firm has a market cap of $9.63 billion, a P/E ratio of 22.44, a PEG ratio of 2.13 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The company’s revenue was down 12.1% compared to the same quarter last year. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource Company Profile

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.