Renaissance Technologies LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 69,641 shares of the company's stock, valued at approximately $9,954,000. Renaissance Technologies LLC owned 0.06% of Builders FirstSource at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. bought a new stake in Builders FirstSource in the fourth quarter valued at $33,000. SBI Securities Co. Ltd. bought a new stake in Builders FirstSource in the 4th quarter valued at about $34,000. Avion Wealth raised its stake in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after buying an additional 306 shares during the period. Mather Group LLC. boosted its holdings in Builders FirstSource by 91.2% in the fourth quarter. Mather Group LLC. now owns 497 shares of the company's stock worth $71,000 after acquiring an additional 237 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after acquiring an additional 134 shares during the period. Institutional investors own 95.53% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Builders FirstSource in a report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 target price on the stock. The Goldman Sachs Group decreased their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Loop Capital dropped their price target on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Truist Financial decreased their price objective on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, 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 research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource has a consensus rating of "Moderate Buy" and a consensus target price of $186.84.
Read Our Latest Stock Analysis on BLDR
Builders FirstSource Stock Performance
Shares of BLDR traded up $1.88 during mid-day trading on Tuesday, hitting $115.96. The stock had a trading volume of 1,338,671 shares, compared to its average volume of 1,688,588. Builders FirstSource, Inc. has a 52 week low of $110.84 and a 52 week high of $203.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The business has a fifty day moving average price of $129.10 and a 200-day moving average price of $155.34. The firm has a market cap of $13.19 billion, a P/E ratio of 12.80, a PEG ratio of 0.80 and a beta of 1.99.
Builders FirstSource (NYSE:BLDR - Get Free Report) last announced 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 business had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.
About Builders FirstSource
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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.
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