Clearbridge Investments LLC boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 690,237 shares of the company's stock after acquiring an additional 10,824 shares during the quarter. Clearbridge Investments LLC owned 0.60% of Builders FirstSource worth $98,656,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Inkwell Capital LLC bought a new position in Builders FirstSource during the 4th quarter valued at $689,000. CIBC Private Wealth Group LLC lifted its position in shares of Builders FirstSource by 30.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,750 shares of the company's stock valued at $538,000 after purchasing an additional 882 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Builders FirstSource by 125.8% during the fourth quarter. Schroder Investment Management Group now owns 13,921 shares of the company's stock worth $1,996,000 after purchasing an additional 7,756 shares during the last quarter. Allstate Corp purchased a new position in Builders FirstSource during the fourth quarter worth about $483,000. Finally, Orion Portfolio Solutions LLC grew its position in Builders FirstSource by 89.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 6,317 shares of the company's stock worth $903,000 after purchasing an additional 2,983 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. 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. Stifel Nicolaus cut their price objective on Builders FirstSource from $175.00 to $156.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Truist Financial decreased their target price on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a report on Tuesday. They issued a "buy" rating and a $151.00 price target on the stock. Finally, Raymond James restated an "outperform" rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $188.63.
Read Our Latest Research Report on BLDR
Builders FirstSource Stock Performance
Shares of NYSE:BLDR traded up $3.87 during midday trading on Friday, reaching $123.69. 2,899,103 shares of the company traded hands, compared to its average volume of 1,663,620. The firm's fifty day moving average price is $141.46 and its two-hundred day moving average price is $162.57. The firm 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 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. Builders FirstSource, Inc. has a 12 month low of $114.70 and a 12 month high of $206.02.
Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share 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 firm had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $3.90 billion. On average, equities analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.
About Builders FirstSource
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Free Report)
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.
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