Dark Forest Capital Management LP Takes Position in Builders FirstSource, Inc. (NYSE:BLDR)

Dark Forest Capital Management LP bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,671 shares of the company's stock, valued at approximately $108,000.

Other large investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. purchased a new position in shares of Builders FirstSource in the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its holdings in Builders FirstSource by 369.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 789 shares of the company's stock valued at $51,000 after purchasing an additional 621 shares during the last quarter. Zions Bancorporation N.A. acquired a new stake in Builders FirstSource during the 1st quarter valued at approximately $55,000. Fairfield Bush & CO. acquired a new stake in Builders FirstSource during the 1st quarter valued at approximately $64,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in Builders FirstSource during the 4th quarter worth approximately $65,000. 94.71% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the stock. Barclays raised their price target on shares of Builders FirstSource from $150.00 to $160.00 in a research report on Wednesday, May 24th. Royal Bank of Canada raised shares of Builders FirstSource from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $78.00 to $135.00 in a report on Wednesday, May 3rd. BMO Capital Markets upped their target price on shares of Builders FirstSource from $92.00 to $100.00 in a research note on Friday, May 5th. Robert W. Baird cut shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and set a $96.00 price target on the stock. in a research report on Thursday, May 4th. Finally, Truist Financial boosted their price objective on Builders FirstSource from $97.00 to $124.00 in a report on Thursday, May 4th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Builders FirstSource has an average rating of "Moderate Buy" and a consensus target price of $112.25.

Shares of NYSE BLDR opened at $120.32 on Tuesday. The stock has a market cap of $15.42 billion, a P/E ratio of 7.76 and a beta of 1.97. The firm's 50-day simple moving average is $109.44 and its 200 day simple moving average is $89.62. Builders FirstSource, Inc. has a fifty-two week low of $48.91 and a fifty-two week high of $122.99. The company has a quick ratio of 1.10, a current ratio of 1.83 and a debt-to-equity ratio of 0.69.

Builders FirstSource (NYSE:BLDR - Get Rating) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $2.96 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $1.33. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.57 billion. Builders FirstSource had a net margin of 11.68% and a return on equity of 55.42%. Builders FirstSource's revenue was down 31.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.90 EPS. Equities analysts expect that Builders FirstSource, Inc. will post 9.62 EPS for the current year.

In other news, insider Michael Alan Farmer sold 12,500 shares of the company's stock in a transaction on Friday, May 5th. The stock was sold at an average price of $108.97, for a total value of $1,362,125.00. Following the completion of the sale, the insider now owns 62,122 shares in the company, valued at $6,769,434.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by corporate insiders.

Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood.

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR - Get Rating).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Builders FirstSource, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Builders FirstSource wasn't on the list.

While Builders FirstSource currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.