Avantax Advisory Services Inc. Buys 3,848 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Avantax Advisory Services Inc. boosted its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 243.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,428 shares of the company's stock after acquiring an additional 3,848 shares during the period. Avantax Advisory Services Inc.'s holdings in Builders FirstSource were worth $776,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after purchasing an additional 134 shares during the last quarter. Mountain Lake Investment Management LLC boosted its position in shares of Builders FirstSource by 7.0% during the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock valued at $5,201,000 after buying an additional 2,367 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Builders FirstSource by 14.9% during the fourth quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock worth $28,084,000 after buying an additional 25,535 shares in the last quarter. Fiera Capital Corp purchased a new stake in Builders FirstSource in the 4th quarter valued at $27,089,000. Finally, Lecap Asset Management Ltd. lifted its stake in Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock valued at $3,151,000 after acquiring an additional 9,970 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

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Builders FirstSource Stock Performance

Shares of Builders FirstSource stock traded up $5.23 during trading hours on Monday, reaching $131.69. The company had a trading volume of 1,371,520 shares, compared to its average volume of 1,598,740. The firm has a market cap of $14.96 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a one year low of $122.49 and a one year high of $212.24. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The business has a fifty day simple moving average of $148.43 and a 200 day simple moving average of $165.93.

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

Wall Street Analysts Forecast Growth

BLDR has been the subject of several recent analyst reports. Truist Financial reduced their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group decreased their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Royal Bank of Canada cut their target price on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Barclays decreased their price target on Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Finally, Benchmark cut their price objective on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $190.72.

Builders FirstSource 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.