Dendur Capital LP Makes New Investment in Builders FirstSource, Inc. $BLDR

Dendur Capital LP purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 175,000 shares of the company’s stock, valued at approximately $20,421,000. Builders FirstSource accounts for about 1.8% of Dendur Capital LP’s holdings, making the stock its 15th biggest holding. Dendur Capital LP owned 0.16% of Builders FirstSource as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BLDR. Smithfield Trust Co lifted its position in shares of Builders FirstSource by 187.7% during the 2nd quarter. Smithfield Trust Co now owns 420 shares of the company’s stock valued at $49,000 after acquiring an additional 274 shares during the period. AlphaQuest LLC bought a new position in shares of Builders FirstSource during the 2nd quarter worth about $67,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $67,000. Smartleaf Asset Management LLC increased its position in Builders FirstSource by 21.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after buying an additional 109 shares in the last quarter. Finally, New Age Alpha Advisors LLC raised its stake in Builders FirstSource by 22.8% during the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock worth $80,000 after buying an additional 119 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on BLDR shares. Benchmark raised their price objective on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Wedbush reissued a “neutral” rating and issued a $145.00 price target on shares of Builders FirstSource in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Stifel Nicolaus reduced their price objective on shares of Builders FirstSource from $128.00 to $124.00 in a report on Monday, November 3rd. Finally, Wells Fargo & Company began coverage on shares of Builders FirstSource in a research report on Monday, November 17th. They set an “equal weight” rating and a $115.00 target price for the company. Ten research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned 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 $136.86.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $104.98 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. The firm has a 50-day moving average of $114.61 and a 200-day moving average of $122.60. Builders FirstSource, Inc. has a one year low of $94.35 and a one year high of $175.46. The company has a market cap of $11.61 billion, a P/E ratio of 20.00, a P/E/G ratio of 11.49 and a beta of 1.56.

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

About Builders FirstSource

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.