National Bank of Canada FI Boosts Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

National Bank of Canada FI boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 39.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,480 shares of the company's stock after buying an additional 13,819 shares during the period. National Bank of Canada FI's holdings in Builders FirstSource were worth $9,398,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CWM LLC raised its holdings in shares of Builders FirstSource by 5.2% during the 2nd quarter. CWM LLC now owns 3,141 shares of the company's stock valued at $435,000 after buying an additional 155 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Builders FirstSource by 98.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 345,516 shares of the company's stock valued at $47,823,000 after purchasing an additional 170,989 shares during the last quarter. Blue Trust Inc. raised its position in Builders FirstSource by 54.9% in the 2nd quarter. Blue Trust Inc. now owns 1,815 shares of the company's stock worth $251,000 after purchasing an additional 643 shares during the period. Shilanski & Associates Inc. lifted its stake in Builders FirstSource by 3.7% in the second quarter. Shilanski & Associates Inc. now owns 9,616 shares of the company's stock worth $1,331,000 after purchasing an additional 339 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Builders FirstSource by 687.1% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 127,430 shares of the company's stock valued at $17,637,000 after buying an additional 111,240 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of analyst reports. Barclays lifted their price target on shares of Builders FirstSource from $182.00 to $211.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Truist Financial upgraded shares of Builders FirstSource from a "hold" rating to a "buy" rating and raised their price objective for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Robert W. Baird lifted their price objective on Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Oppenheimer restated an "outperform" rating and issued a $225.00 target price on shares of Builders FirstSource in a research note on Tuesday, October 29th. Finally, Bank of America lifted their price target on Builders FirstSource from $165.00 to $198.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $210.00.

Insider Activity

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the transaction, the director now owns 33,083 shares in the company, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company's stock.

Builders FirstSource Stock Performance

Builders FirstSource stock traded down $1.48 during midday trading on Thursday, hitting $170.68. The stock had a trading volume of 837,115 shares, compared to its average volume of 1,530,746. The company has a market capitalization of $19.64 billion, a PE ratio of 16.67, a P/E/G ratio of 0.98 and a beta of 2.06. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70. The firm's fifty day moving average is $182.71 and its two-hundred day moving average is $169.02. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business's revenue was down 6.7% on a year-over-year basis. During the same period last year, the company earned $4.24 EPS. On average, research analysts forecast that Builders FirstSource, Inc. will post 11.55 EPS for the current year.

Builders FirstSource Company 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.