Signaturefd LLC Increases Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Signaturefd LLC increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 14.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,053 shares of the company’s stock after purchasing an additional 132 shares during the period. Signaturefd LLC’s holdings in Builders FirstSource were worth $176,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Lindbrook Capital LLC grew its stake in Builders FirstSource by 237.7% during the 4th quarter. Lindbrook Capital LLC now owns 233 shares of the company’s stock worth $39,000 after buying an additional 164 shares during the last quarter. abrdn plc lifted its position in Builders FirstSource by 124.5% during the 4th quarter. abrdn plc now owns 51,858 shares of the company’s stock worth $8,657,000 after acquiring an additional 28,762 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in Builders FirstSource during the 4th quarter worth about $238,000. Xponance Inc. lifted its position in Builders FirstSource by 1.3% during the 4th quarter. Xponance Inc. now owns 16,302 shares of the company’s stock worth $2,721,000 after acquiring an additional 202 shares during the period. Finally, Federated Hermes Inc. lifted its position in Builders FirstSource by 95.0% during the 4th quarter. Federated Hermes Inc. now owns 91,091 shares of the company’s stock worth $15,207,000 after acquiring an additional 44,389 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction dated 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 transaction, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.90% of the stock is owned by company insiders.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $187.66 on Monday. 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 twelve month low of $90.35 and a twelve month high of $214.70. The business has a 50-day moving average price of $195.26 and a 200 day moving average price of $165.63. The firm has a market cap of $22.88 billion, a PE ratio of 15.65, a P/E/G ratio of 1.16 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $4.01 billion. Sell-side analysts predict that Builders FirstSource, Inc. will post 13.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Royal Bank of Canada lifted their price target on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Truist Financial lifted their price target on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Wedbush boosted their price objective on Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Finally, DA Davidson reissued a “neutral” rating and issued a $185.00 price objective on shares of Builders FirstSource in a report on Thursday, March 28th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.06.

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.