Allstate Corp Purchases Shares of 3,380 Builders FirstSource, Inc. (NYSE:BLDR)

Allstate Corp bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,380 shares of the company's stock, valued at approximately $483,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. purchased a new position in Builders FirstSource during the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. acquired a new position in Builders FirstSource in the fourth quarter valued at approximately $34,000. Avion Wealth boosted its holdings in Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after purchasing an additional 306 shares in the last quarter. Mather Group LLC. increased its stake in Builders FirstSource by 91.2% in the fourth quarter. Mather Group LLC. now owns 497 shares of the company's stock valued at $71,000 after purchasing an additional 237 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Up 3.2 %

Shares of Builders FirstSource stock traded up $3.87 during mid-day trading on Friday, hitting $123.69. 2,899,103 shares of the stock were exchanged, compared to its average volume of 1,663,620. The company has a 50-day simple moving average of $141.46 and a 200 day simple moving average of $162.35. 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 stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. Builders FirstSource, Inc. has a twelve month low of $114.70 and a twelve month high of $206.02.

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Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.18 by $0.13. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Ratings Changes

BLDR has been the topic of several recent research reports. Raymond James reissued an "outperform" rating and issued a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Royal Bank of Canada lowered 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 note on Friday, February 21st. Loop Capital reduced their price objective on shares of Builders FirstSource from $205.00 to $190.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price objective on the stock. Finally, Barclays reduced their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $188.63.

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.