Fmr LLC Boosts Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

FMR LLC raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,898,366 shares of the company's stock after purchasing an additional 740,214 shares during the quarter. FMR LLC owned 9.47% of Builders FirstSource worth $1,557,703,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. raised its position in Builders FirstSource by 32.2% in the 4th quarter. Russell Investments Group Ltd. now owns 246,416 shares of the company's stock worth $35,226,000 after buying an additional 59,991 shares during the last quarter. Wedbush Securities Inc. raised its holdings in shares of Builders FirstSource by 9.0% during the fourth quarter. Wedbush Securities Inc. now owns 2,386 shares of the company's stock valued at $341,000 after purchasing an additional 198 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Builders FirstSource by 29.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 238,900 shares of the company's stock valued at $34,146,000 after purchasing an additional 54,018 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in Builders FirstSource by 66.7% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 11,119 shares of the company's stock worth $1,589,000 after purchasing an additional 4,447 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in Builders FirstSource in the 4th quarter worth approximately $5,273,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

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Builders FirstSource Price Performance

BLDR traded up $0.67 on Friday, hitting $120.61. 1,494,708 shares of the company's stock traded hands, compared to its average volume of 1,679,724. Builders FirstSource, Inc. has a one year low of $110.84 and a one year high of $203.14. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The firm has a market cap of $13.72 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 0.80 and a beta of 1.99. The company's 50 day simple moving average is $134.62 and its 200-day simple moving average is $159.09.

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, topping the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on BLDR. Raymond James reissued an "outperform" rating and set a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Truist Financial lowered their target price on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. BMO Capital Markets cut their price target on Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a research note on Monday, February 24th. Wedbush reaffirmed an "outperform" rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Finally, StockNews.com downgraded shares of Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $187.89.

About Builders FirstSource

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.