Vinva Investment Management Ltd Increases Position in Builders FirstSource, Inc. (NYSE:BLDR)

Vinva Investment Management Ltd boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 495.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,956 shares of the company's stock after buying an additional 42,397 shares during the period. Vinva Investment Management Ltd's holdings in Builders FirstSource were worth $7,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mountaineer Partners Management LLC purchased a new stake in shares of Builders FirstSource in the 3rd quarter worth about $2,099,877,000. FMR LLC grew its holdings in Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company's stock worth $1,969,259,000 after purchasing an additional 3,186,876 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after purchasing an additional 623,583 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of 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 purchasing an additional 285,458 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Builders FirstSource by 23.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company's stock worth $282,697,000 after buying an additional 277,897 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

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Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded down $2.34 during trading on Friday, hitting $126.42. The company's stock had a trading volume of 4,153,240 shares, compared to its average volume of 1,599,652. 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 firm has a market cap of $14.36 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 0.80 and a beta of 2.19. The company has a 50-day moving average of $148.43 and a 200-day moving average of $165.93. Builders FirstSource, Inc. has a 12 month low of $122.49 and a 12 month high of $212.24.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share 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 business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on BLDR. Raymond James reissued an "outperform" rating and issued a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Truist Financial dropped their price target 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. BMO Capital Markets reduced their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a research note on Monday, February 24th. Barclays decreased their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Finally, Royal Bank of Canada cut their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Builders FirstSource currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.72.

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.