Investment House LLC Boosts Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Investment House LLC lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 146.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,957 shares of the company's stock after purchasing an additional 11,270 shares during the quarter. Investment House LLC's holdings in Builders FirstSource were worth $2,710,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in Builders FirstSource in the third quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Builders FirstSource during the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $34,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $46,000. Finally, Avion Wealth grew its holdings in Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after acquiring an additional 306 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Down 1.8 %

Shares of NYSE BLDR traded down $2.34 during midday trading on Friday, reaching $126.42. 4,153,240 shares of the stock were exchanged, compared to its average volume of 1,599,652. The stock has a 50 day moving average price of $148.43 and a 200-day moving average price of $165.93. 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 company has a market capitalization of $14.36 billion, a P/E ratio of 13.95, a P/E/G ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 52-week low of $122.49 and a 52-week high of $212.24.

Remove Ads

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. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.90 billion. Equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays reduced their target price on Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Wedbush reissued an "outperform" rating and set a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Loop Capital dropped their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a "buy" rating for the company in a report on Monday, February 24th. Raymond James reiterated an "outperform" rating and set a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Finally, Truist Financial dropped their price objective 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. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.72.

Builders FirstSource Company 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.