Inkwell Capital LLC Acquires New Shares in Builders FirstSource, Inc. (NYSE:BLDR)

Inkwell Capital LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,822 shares of the company's stock, valued at approximately $689,000.

Several other large investors have also recently modified their holdings of BLDR. Mountaineer Partners Management LLC acquired a new stake in Builders FirstSource in the third quarter worth about $2,099,877,000. Diamond Hill Capital Management Inc. boosted its stake in Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock worth $277,776,000 after purchasing an additional 623,583 shares in the last quarter. Baillie Gifford & Co. grew its position in Builders FirstSource by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock worth $237,753,000 after purchasing an additional 285,458 shares during the last quarter. Norges Bank purchased a new stake in Builders FirstSource during the 4th quarter worth approximately $199,890,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Builders FirstSource by 7.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 976,125 shares of the company's stock worth $139,518,000 after buying an additional 71,525 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft started coverage on Builders FirstSource in a report on Tuesday. They issued a "buy" rating and a $151.00 price objective on the stock. Truist Financial dropped their target price on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Stifel Nicolaus reduced their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $188.63.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock traded down $9.52 on Thursday, hitting $121.60. 550,460 shares of the company were exchanged, compared to its average volume of 1,661,185. 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 company has a 50-day moving average price of $143.29 and a 200 day moving average price of $163.54. The stock has a market capitalization of $13.82 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 1-year low of $119.65 and a 1-year high of $210.00.

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