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Watchtower Advisors LP Buys 16,563 Shares of Builders FirstSource, Inc. $BLDR
Watchtower Advisors LP significantly increased its stake in Builders FirstSource (BLDR) by 28.3% in Q3, purchasing 16,563 shares to hold 75,000 shares valued at approximately $9.09 million. This makes BLDR its 12th largest holding, despite Builders FirstSource missing quarterly earnings and revenue estimates. The stock was trading down 2.7%, and analysts currently have a consensus “Hold” rating with a target price of $127.81.