AXQ Capital LP Purchases 6,420 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

AXQ Capital LP lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 381.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,101 shares of the company’s stock after acquiring an additional 6,420 shares during the quarter. AXQ Capital LP’s holdings in Builders FirstSource were worth $1,158,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource during the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new position in Builders FirstSource in the 4th quarter valued at approximately $34,000. Brown Brothers Harriman & Co. bought a new position in shares of Builders FirstSource during the third quarter valued at $46,000. Finally, Avion Wealth lifted its holdings in shares of Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after purchasing an additional 306 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

BLDR stock opened at $126.42 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $148.43 and its two-hundred day moving average price is $165.97. The stock has a market capitalization of $14.36 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 12-month low of $122.49 and a 12-month high of $212.24.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. As a group, equities analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on BLDR shares. Wedbush reaffirmed an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Royal Bank of Canada dropped their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Barclays lowered their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Finally, Truist Financial lowered their price objective on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.72.

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.