GSA Capital Partners LLP Invests $269,000 in Builders FirstSource, Inc. (BLDR)

GSA Capital Partners LLP purchased a new stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 13,547 shares of the company’s stock, valued at approximately $269,000.

Other institutional investors and hedge funds have also modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Builders FirstSource during the 1st quarter valued at about $112,000. Tocqueville Asset Management L.P. bought a new stake in Builders FirstSource in the 4th quarter worth approximately $207,000. Paloma Partners Management Co bought a new stake in Builders FirstSource in the 4th quarter worth approximately $226,000. Xact Kapitalforvaltning AB bought a new stake in Builders FirstSource in the 4th quarter worth approximately $242,000. Finally, SG Americas Securities LLC bought a new stake in Builders FirstSource in the 1st quarter worth approximately $224,000. Hedge funds and other institutional investors own 93.26% of the company’s stock.

Shares of Builders FirstSource stock opened at $18.11 on Friday. The company has a debt-to-equity ratio of 4.81, a quick ratio of 1.15 and a current ratio of 2.09. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 14.26 and a beta of 2.06. Builders FirstSource, Inc. has a one year low of $14.39 and a one year high of $23.28.

Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Wednesday, May 9th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.08. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Builders FirstSource had a return on equity of 41.83% and a net margin of 0.81%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. equities analysts expect that Builders FirstSource, Inc. will post 1.87 EPS for the current fiscal year.

A number of research firms recently weighed in on BLDR. Evercore ISI began coverage on Builders FirstSource in a research report on Thursday. They issued an “in-line” rating and a $20.00 target price for the company. MKM Partners began coverage on Builders FirstSource in a research report on Wednesday. They issued a “neutral” rating and a $20.00 target price for the company. Royal Bank of Canada began coverage on Builders FirstSource in a research report on Wednesday. They issued an “outperform” rating for the company. BidaskClub downgraded Builders FirstSource from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 16th. Finally, Wedbush restated an “outperform” rating and issued a $30.00 target price on shares of Builders FirstSource in a research report on Thursday, May 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Builders FirstSource currently has a consensus rating of “Hold” and a consensus target price of $22.88.

In other Builders FirstSource news, Director Brett N. Milgrim sold 34,930 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 31st. The stock was sold at an average price of $19.57, for a total value of $683,580.10. Following the transaction, the director now directly owns 60,265 shares of the company’s stock, valued at approximately $1,179,386.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Floyd F. Sherman sold 50,000 shares of Builders FirstSource stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $20.21, for a total value of $1,010,500.00. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Builders FirstSource Company Profile

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

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Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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