Integrated Quantitative Investments LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,270 shares of the company's stock, valued at approximately $324,000.
A number of other hedge funds and other institutional investors have also modified their holdings of BLDR. Smartleaf Asset Management LLC boosted its position in Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after buying an additional 134 shares during the last quarter. Mountain Lake Investment Management LLC lifted its stake in shares of Builders FirstSource by 7.0% during the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock valued at $5,201,000 after acquiring an additional 2,367 shares during the period. Fisher Asset Management LLC boosted its holdings in Builders FirstSource by 14.9% in the fourth quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock valued at $28,084,000 after acquiring an additional 25,535 shares during the last quarter. Fiera Capital Corp acquired a new stake in Builders FirstSource in the fourth quarter worth about $27,089,000. Finally, Lecap Asset Management Ltd. raised its holdings in Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock worth $3,151,000 after purchasing an additional 9,970 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.
Builders FirstSource Stock Up 0.6 %
Builders FirstSource stock traded up $0.67 during midday trading on Friday, reaching $120.61. The stock had a trading volume of 1,494,708 shares, compared to its average volume of 1,679,724. The stock has a market capitalization of $13.72 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. The firm's fifty day simple moving average is $134.62 and its 200-day simple moving average is $159.09. 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, Inc. has a 1-year low of $110.84 and a 1-year high of $203.14.
Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data 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 company 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, analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. 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 note on Friday, February 21st. Raymond James reaffirmed an "outperform" rating and set a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. The Goldman Sachs Group cut their price target on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. StockNews.com cut Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Benchmark cut their target price on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of "Moderate Buy" and an average target price of $187.89.
View Our Latest Research Report on Builders FirstSource
About Builders FirstSource
(
Free Report)
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.
Further Reading
Before you consider Builders FirstSource, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Builders FirstSource wasn't on the list.
While Builders FirstSource currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
