Builders FirstSource, Inc. (NYSE:BLDR) Stock Holdings Lifted by Altus Wealth Group LLC

Altus Wealth Group LLC boosted its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,472 shares of the company's stock after acquiring an additional 2,690 shares during the period. Builders FirstSource accounts for 2.6% of Altus Wealth Group LLC's investment portfolio, making the stock its 9th biggest position. Altus Wealth Group LLC's holdings in Builders FirstSource were worth $5,785,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BLDR. Mountaineer Partners Management LLC purchased a new stake in shares of Builders FirstSource in the 3rd quarter worth about $2,099,877,000. FMR LLC boosted its stake in Builders FirstSource by 45.7% during the third quarter. FMR LLC now owns 10,158,152 shares of the company's stock worth $1,969,259,000 after acquiring an additional 3,186,876 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Builders FirstSource by 47.2% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock worth $277,776,000 after purchasing an additional 623,583 shares during the period. Baillie Gifford & Co. increased its stake in shares of Builders FirstSource by 20.7% during the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock valued at $237,753,000 after purchasing an additional 285,458 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Builders FirstSource by 23.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company's stock valued at $282,697,000 after purchasing an additional 277,897 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

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Wall Street Analyst Weigh In

BLDR has been the topic of several analyst reports. Benchmark dropped their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Truist Financial lowered their price objective on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Barclays reduced their target price on Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Royal Bank of Canada lowered their price target on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Finally, Stifel Nicolaus reduced their price objective on Builders FirstSource from $175.00 to $156.00 and set a "buy" rating for the company in a report on Monday, February 24th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource has an average rating of "Moderate Buy" and a consensus target price of $190.72.

Builders FirstSource Stock Performance

Shares of BLDR stock traded up $0.67 during mid-day trading on Thursday, reaching $128.96. 1,487,553 shares of the company's stock traded hands, compared to its average volume of 1,584,989. Builders FirstSource, Inc. has a 12 month low of $122.49 and a 12 month high of $214.70. The firm has a 50 day moving average price of $149.00 and a two-hundred day moving average price of $166.56. The firm has a market capitalization of $14.65 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77.

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

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.