Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Cibc World Markets Corp

Cibc World Markets Corp lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,241 shares of the company's stock after acquiring an additional 2,076 shares during the quarter. Cibc World Markets Corp's holdings in Builders FirstSource were worth $2,607,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. OneDigital Investment Advisors LLC purchased a new position in shares of Builders FirstSource during the third quarter worth $273,000. Natixis Advisors LLC boosted its holdings in Builders FirstSource by 88.3% during the 3rd quarter. Natixis Advisors LLC now owns 42,142 shares of the company's stock valued at $8,170,000 after acquiring an additional 19,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Builders FirstSource in the 3rd quarter valued at about $1,383,000. PNC Financial Services Group Inc. increased its stake in Builders FirstSource by 69.5% during the third quarter. PNC Financial Services Group Inc. now owns 9,437 shares of the company's stock worth $1,829,000 after purchasing an additional 3,870 shares during the period. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Builders FirstSource during the third quarter worth about $119,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group cut their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" 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. StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Truist Financial lowered their target price on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, BMO Capital Markets reduced their price target on Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a research report on Monday, February 24th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $190.72.

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Builders FirstSource Stock Performance

NYSE BLDR traded down $1.01 during trading hours on Tuesday, hitting $130.72. The company had a trading volume of 991,967 shares, compared to its average volume of 1,598,583. The business has a 50 day moving average of $148.14 and a 200-day moving average of $165.68. The company has a market cap of $14.85 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 1-year low of $122.49 and a 1-year high of $212.24. 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 announced its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.18 by $0.13. The firm had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. As a group, equities research analysts expect 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.