Allspring Global Investments Holdings LLC Has $15.78 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 53.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 94,505 shares of the company’s stock after acquiring an additional 32,819 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Builders FirstSource were worth $15,777,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its position in shares of Builders FirstSource by 18.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock worth $9,515,000 after purchasing an additional 9,122 shares in the last quarter. FCF Advisors LLC boosted its position in shares of Builders FirstSource by 81.9% during the fourth quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock worth $3,512,000 after purchasing an additional 9,470 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Builders FirstSource by 13.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 52,312 shares of the company’s stock worth $6,512,000 after purchasing an additional 6,155 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Builders FirstSource by 0.8% during the third quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock worth $1,578,876,000 after purchasing an additional 96,638 shares in the last quarter. Finally, Czech National Bank bought a new position in shares of Builders FirstSource during the fourth quarter worth $3,608,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Transactions at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now directly owns 28,738 shares in the company, valued at approximately $5,747,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on shares of Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Stifel Nicolaus boosted their price objective on shares of Builders FirstSource from $184.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Wedbush boosted their price objective on shares of Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. DA Davidson reaffirmed a “neutral” rating and issued a $185.00 price objective on shares of Builders FirstSource in a research report on Thursday, March 28th. Finally, Royal Bank of Canada boosted their price objective on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $186.93.

Builders FirstSource Trading Up 0.1 %

Shares of NYSE:BLDR opened at $189.53 on Monday. The company’s 50-day moving average price is $195.35 and its two-hundred day moving average price is $161.31. 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, Inc. has a one year low of $90.10 and a one year high of $214.70. The stock has a market capitalization of $23.11 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.16 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.85. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. On average, equities analysts forecast that Builders FirstSource, Inc. will post 13.84 EPS for the current fiscal year.

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.