Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI grew its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 12.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,744 shares of the company's stock after acquiring an additional 6,264 shares during the quarter. National Bank of Canada FI's holdings in Builders FirstSource were worth $7,825,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BLDR. Norges Bank acquired a new position in Builders FirstSource in the fourth quarter valued at $199,890,000. Proficio Capital Partners LLC increased its position in Builders FirstSource by 15,533.9% in the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock valued at $92,891,000 after acquiring an additional 645,746 shares during the period. Diamond Hill Capital Management Inc. lifted its position in Builders FirstSource by 47.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock worth $277,776,000 after acquiring an additional 623,583 shares during the period. World Investment Advisors LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at approximately $62,450,000. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of Builders FirstSource during the third quarter worth approximately $59,529,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wedbush reissued an "outperform" rating and issued a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Truist Financial cut their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Barclays lowered their price objective on Builders FirstSource from $165.00 to $151.00 and set an "overweight" rating on the stock in a report on Tuesday. StockNews.com downgraded Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, BMO Capital Markets decreased their price target on Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a research note on Monday, February 24th. Five 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 company. According to MarketBeat, Builders FirstSource currently has an average rating of "Moderate Buy" and a consensus target price of $187.89.

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Builders FirstSource Trading Down 4.9 %

Shares of BLDR traded down $6.07 on Thursday, hitting $118.66. 333,442 shares of the stock traded hands, compared to its average volume of 1,674,761. Builders FirstSource, Inc. has a 1 year low of $110.84 and a 1 year high of $203.14. The stock's 50 day moving average is $136.34 and its two-hundred day moving average is $160.09. The firm has a market capitalization of $13.48 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.80 and a beta of 1.99. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86.

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, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business had revenue of $3.82 billion for the quarter, compared to analysts' expectations 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 year.

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.