Charles Schwab Investment Management Inc. Buys 47,656 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Charles Schwab Investment Management Inc. boosted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 6.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 833,498 shares of the company's stock after purchasing an additional 47,656 shares during the period. Charles Schwab Investment Management Inc. owned about 0.72% of Builders FirstSource worth $119,132,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDR. HighTower Advisors LLC grew its position in Builders FirstSource by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company's stock worth $4,296,000 after acquiring an additional 64 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in Builders FirstSource by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company's stock worth $2,145,000 after purchasing an additional 65 shares in the last quarter. TFB Advisors LLC grew its holdings in shares of Builders FirstSource by 2.1% during the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock worth $546,000 after purchasing an additional 79 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Builders FirstSource by 14.6% in the third quarter. Private Trust Co. NA now owns 642 shares of the company's stock valued at $124,000 after buying an additional 82 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Builders FirstSource by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,835 shares of the company's stock valued at $548,000 after buying an additional 92 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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Builders FirstSource Stock Performance

Shares of BLDR stock traded down $0.17 during trading on Wednesday, reaching $129.83. 961,964 shares of the company's stock were exchanged, compared to its average volume of 1,580,239. Builders FirstSource, Inc. has a twelve month low of $127.45 and a twelve month high of $214.70. The firm's fifty day moving average price is $150.98 and its 200-day moving average price is $168.49. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $14.75 billion, a PE ratio of 14.32, a PEG ratio of 0.80 and a beta of 2.19.

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

Analysts Set New Price Targets

BLDR has been the subject of several research reports. Truist Financial reduced their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Loop Capital cut their price target on Builders FirstSource from $205.00 to $190.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. The Goldman Sachs Group dropped their price objective on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Stifel Nicolaus cut their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Finally, Raymond James reiterated an "outperform" rating and set a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Five investment 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.