New York Life Investment Management LLC Purchases 14,311 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

New York Life Investment Management LLC lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 437.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,580 shares of the company’s stock after purchasing an additional 14,311 shares during the quarter. New York Life Investment Management LLC’s holdings in Builders FirstSource were worth $2,935,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Builders FirstSource by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock valued at $1,578,876,000 after buying an additional 96,638 shares during the period. Invesco Ltd. raised 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 valued at $243,516,000 after acquiring an additional 874,268 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Builders FirstSource by 19.5% in the 3rd quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company’s stock worth $195,931,000 after acquiring an additional 256,609 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Builders FirstSource by 8.6% during the 3rd quarter. Northern Trust Corp now owns 1,254,464 shares of the company’s stock worth $156,168,000 after purchasing an additional 99,792 shares during the period. Finally, Dendur Capital LP boosted its stake in shares of Builders FirstSource by 3.0% during the 3rd quarter. Dendur Capital LP now owns 1,034,903 shares of the company’s stock worth $128,835,000 after purchasing an additional 30,000 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BLDR. Truist Financial raised their price objective on shares of Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. Oppenheimer boosted their price objective on Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Barclays increased their target price on Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Bank of America raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and boosted their target price for the company from $153.00 to $200.00 in a research note on Monday, January 29th. Finally, StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $200.50.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $195.81 on Monday. Builders FirstSource, Inc. has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The company has a market cap of $23.88 billion, a PE ratio of 16.33, a P/E/G ratio of 1.22 and a beta of 2.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. The business has a 50-day simple moving average of $195.49 and a two-hundred day simple moving average of $168.15.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.01 billion. As a group, equities analysts expect that Builders FirstSource, Inc. will post 13.83 EPS for the current fiscal year.

Insider Activity

In other Builders FirstSource 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 transaction of $1,551,800.00. Following the completion of the sale, the director now owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

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.