Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Simplicity Solutions LLC

Simplicity Solutions LLC grew its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,110 shares of the company’s stock after purchasing an additional 347 shares during the period. Simplicity Solutions LLC’s holdings in Builders FirstSource were worth $686,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Cerity Partners LLC raised its stake in shares of Builders FirstSource by 2,280.1% in the fourth quarter. Cerity Partners LLC now owns 157,607 shares of the company’s stock valued at $26,311,000 after acquiring an additional 150,985 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Builders FirstSource in the fourth quarter valued at $218,000. Allspring Global Investments Holdings LLC increased its holdings in Builders FirstSource by 53.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 94,505 shares of the company’s stock valued at $15,777,000 after buying an additional 32,819 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Builders FirstSource in the fourth quarter valued at $221,000,000. Finally, Bleakley Financial Group LLC increased its holdings in Builders FirstSource by 10.4% in the fourth quarter. Bleakley Financial Group LLC now owns 2,135 shares of the company’s stock valued at $356,000 after buying an additional 201 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

NYSE BLDR opened at $179.39 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. Builders FirstSource, Inc. has a 52-week low of $90.10 and a 52-week high of $214.70. The business’s 50-day moving average price is $195.53 and its 200 day moving average price is $162.25. The firm has a market cap of $21.87 billion, a P/E ratio of 14.96, a P/E/G ratio of 1.13 and a beta of 2.04.

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

Analysts Set New Price Targets

BLDR has been the topic of several recent analyst reports. Wedbush increased their target price on Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Royal Bank of Canada increased their target price on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Oppenheimer increased their target price on Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Barclays raised their price objective on Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, Truist Financial raised their price objective on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $186.93.

Insider Activity at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were 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 owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by insiders.

Builders FirstSource Company 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.