Quantinno Capital Management LP Has $5.29 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Quantinno Capital Management LP grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 27,305 shares of the company’s stock after buying an additional 904 shares during the quarter. Quantinno Capital Management LP’s holdings in Builders FirstSource were worth $5,293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mountaineer Partners Management LLC bought a new stake in shares of Builders FirstSource during the third quarter worth about $2,099,877,000. FMR LLC increased its holdings in Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after purchasing an additional 3,186,876 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Builders FirstSource by 23.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock worth $282,697,000 after purchasing an additional 277,897 shares during the last quarter. Baillie Gifford & Co. bought a new position in shares of Builders FirstSource in the third quarter valued at approximately $267,132,000. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $255,867,000. Institutional investors own 95.53% of the company’s stock.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the firm’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 transaction, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Builders FirstSource Trading Down 0.0 %

BLDR opened at $175.82 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70. The firm has a market capitalization of $20.23 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 0.99 and a beta of 2.06. The business has a 50 day simple moving average of $183.99 and a two-hundred day simple moving average of $168.90.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the company posted $4.24 EPS. Analysts predict that Builders FirstSource, Inc. will post 11.55 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Jefferies Financial Group raised their price objective on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Truist Financial raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and raised their price target for the company from $165.00 to $220.00 in a research report on Monday, September 16th. Stephens upped their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.00.

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.