10,626 Shares in Builders FirstSource, Inc. $BLDR Acquired by Axiom Investment Management LLC

Axiom Investment Management LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,626 shares of the company’s stock, valued at approximately $606,000.

Several other hedge funds also recently added to or reduced their stakes in BLDR. BlackRock Inc. acquired a new stake in Builders FirstSource during the second quarter worth $700,934,000. Pictet Asset Management Holding SA lifted its stake in shares of Builders FirstSource by 16.1% in the 3rd quarter. Pictet Asset Management Holding SA now owns 4,414,163 shares of the company’s stock valued at $251,651,000 after purchasing an additional 613,087 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after purchasing an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $134,908,000. Finally, Daily Journal Corp purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $80,555,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup reissued a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Barclays decreased their target price on shares of Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, October 30th. Wells Fargo & Company upped their target price on shares of Builders FirstSource from $55.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, October 30th. Finally, Royal Bank Of Canada lowered their target price on shares of Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating for the company in a research note on Friday, October 30th. Seven analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and an average target price of $75.55.

Builders FirstSource Stock Down 4.7%

NYSE:BLDR opened at $62.42 on Friday. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. The stock’s fifty day moving average is $58.94 and its two-hundred day moving average is $79.21. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 168.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The company’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.88 earnings per share. Research analysts anticipate that Builders FirstSource, Inc. will post 3.68 EPS for the current year.

About Builders FirstSource

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.