Scotia Capital Inc. Has $3.52 Million Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Scotia Capital Inc. raised its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 181.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,631 shares of the company's stock after purchasing an additional 15,868 shares during the period. Scotia Capital Inc.'s holdings in Builders FirstSource were worth $3,521,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Builders FirstSource in the 4th quarter valued at about $199,890,000. FMR LLC boosted its position in Builders FirstSource by 7.3% during the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock worth $1,557,703,000 after purchasing an additional 740,214 shares during the period. Proficio Capital Partners LLC increased its holdings 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 purchasing an additional 645,746 shares in the last quarter. 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 in the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in Builders FirstSource by 20.7% in the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock worth $237,753,000 after acquiring an additional 285,458 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

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Builders FirstSource Stock Down 1.0 %

NYSE:BLDR traded down $1.15 during trading hours on Tuesday, reaching $118.36. The company's stock had a trading volume of 1,511,715 shares, compared to its average volume of 1,682,618. The company has a market cap of $13.46 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. Builders FirstSource, Inc. has a one year low of $110.84 and a one year 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's 50-day moving average is $132.95 and its 200-day moving average is $158.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly 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 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 the consensus estimate of $3.90 billion. Equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analyst Weigh In

BLDR has been the subject of several research analyst reports. Raymond James reissued 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target for the company. BMO Capital Markets lowered their target price on Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a research report on Monday, February 24th. Loop Capital lowered their price target on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Monday. Finally, Truist Financial reduced their price objective 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. Five 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $186.84.

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.