Tower Research Capital LLC TRC Has $989,000 Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Tower Research Capital LLC TRC lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 62.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,918 shares of the company's stock after purchasing an additional 2,650 shares during the period. Tower Research Capital LLC TRC's holdings in Builders FirstSource were worth $989,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Builders FirstSource during the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new stake in Builders FirstSource during the 4th quarter valued at $34,000. Avion Wealth raised its holdings in shares of Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after acquiring an additional 306 shares during the last quarter. Mather Group LLC. lifted its position in shares of 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 acquiring an additional 237 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Builders FirstSource by 34.9% during the 4th 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. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Performance

BLDR stock traded up $0.20 during trading on Monday, reaching $121.55. 895,695 shares of the company's stock were exchanged, compared to its average volume of 1,684,256. The firm has a market cap of $13.83 billion, a PE ratio of 13.42, a P/E/G ratio of 0.80 and a beta of 1.99. 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 1-year low of $110.84 and a 1-year high of $203.14. The company's fifty day moving average price is $127.18 and its 200-day moving average price is $153.54.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BLDR shares. The Goldman Sachs Group lowered their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Truist Financial decreased their price objective on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Raymond James reaffirmed an "outperform" rating and issued a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Stifel Nicolaus reduced their target price 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. Finally, Benchmark dropped their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $186.84.

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.