McGlone Suttner Wealth Management Inc. Purchases Shares of 380 Builders FirstSource, Inc. (NYSE:BLDR)

McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDRFree Report) during the 4th quarter, HoldingsChannel reports. The firm purchased 380 shares of the company’s stock, valued at approximately $63,000.

Other large investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its stake in shares of Builders FirstSource by 182.0% in the second quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock worth $313,486,000 after buying an additional 1,487,620 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Builders FirstSource by 14.8% in the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock worth $727,819,000 after buying an additional 1,455,580 shares during the last quarter. Norges Bank purchased a new stake in shares of Builders FirstSource in the fourth quarter worth about $91,288,000. BlackRock Inc. boosted its stake in shares of Builders FirstSource by 9.6% in the second quarter. BlackRock Inc. now owns 15,031,161 shares of the company’s stock worth $2,044,238,000 after buying an additional 1,320,774 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Builders FirstSource by 80.8% in the third quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock worth $243,516,000 after buying an additional 874,268 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $208.55 on Friday. The business has a 50 day simple moving average of $190.53 and a two-hundred day simple moving average of $155.94. Builders FirstSource, Inc. has a 12 month low of $84.78 and a 12 month high of $214.70. The stock has a market capitalization of $25.43 billion, a P/E ratio of 17.39, a PEG ratio of 1.26 and a beta of 2.04. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11.

Builders FirstSource (NYSE:BLDRGet Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. As a group, analysts predict that Builders FirstSource, Inc. will post 14.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of recent research reports. Truist Financial upped their target price on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. B. Riley raised Builders FirstSource from a “neutral” rating to a “buy” rating and upped their price target for the stock from $128.00 to $177.00 in a report on Wednesday, December 6th. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Royal Bank of Canada upped their price target on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus upped their price target on Builders FirstSource from $184.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $186.60.

Check Out Our Latest Stock Analysis on BLDR

Insider Activity

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the sale, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

Builders FirstSource Profile

(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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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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