Raymond James Financial Inc. Acquires Shares of 241,660 Builders FirstSource, Inc. (NYSE:BLDR)

Raymond James Financial Inc. acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 241,660 shares of the company's stock, valued at approximately $34,540,000. Raymond James Financial Inc. owned about 0.21% of Builders FirstSource at the end of the most recent reporting period.

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

Builders FirstSource Stock Up 2.8 %

Shares of NYSE:BLDR traded up $3.40 during midday trading on Friday, hitting $126.20. The stock had a trading volume of 1,919,857 shares, compared to its average volume of 1,589,971. The company has a market cap of $14.34 billion, a P/E ratio of 13.93, a PEG ratio of 0.80 and a beta of 2.19. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The business's 50-day simple moving average is $150.33 and its 200-day simple moving average is $167.91. Builders FirstSource, Inc. has a 12 month low of $122.49 and a 12 month high of $214.70.

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Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.90 billion. On average, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BLDR has been the subject of several research analyst reports. Royal Bank of Canada reduced their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Truist Financial lowered their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Wedbush restated an "outperform" rating and issued a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Barclays lowered their price target on Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Finally, The Goldman Sachs Group cut their price objective on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Five investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $190.72.

Builders FirstSource Company Profile

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.