Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp decreased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 5.8% during the 4th quarter, Holdings Channel reports. The fund owned 21,803 shares of the company’s stock after selling 1,336 shares during the quarter. Van ECK Associates Corp’s holdings in Builders FirstSource were worth $3,640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in Builders FirstSource by 30.7% in the fourth quarter. Private Trust Co. NA now owns 345 shares of the company’s stock valued at $58,000 after purchasing an additional 81 shares in the last quarter. V Square Quantitative Management LLC grew its position in shares of Builders FirstSource by 10.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 915 shares of the company’s stock valued at $114,000 after buying an additional 85 shares during the last quarter. Mezzasalma Advisors LLC grew its position in shares of Builders FirstSource by 0.6% in the 3rd quarter. Mezzasalma Advisors LLC now owns 14,715 shares of the company’s stock valued at $1,832,000 after buying an additional 90 shares during the last quarter. iA Global Asset Management Inc. raised its stake in Builders FirstSource by 2.9% during the 3rd quarter. iA Global Asset Management Inc. now owns 3,391 shares of the company’s stock worth $422,000 after acquiring an additional 97 shares in the last quarter. Finally, Financial Enhancement Group LLC lifted its position in Builders FirstSource by 2.5% in the fourth quarter. Financial Enhancement Group LLC now owns 4,101 shares of the company’s stock valued at $675,000 after acquiring an additional 99 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Oppenheimer lifted their target price on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Truist Financial boosted their price objective on Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. Royal Bank of Canada raised their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Barclays upped their price target on shares of Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Finally, Wedbush raised their price objective on shares of Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.50.

Builders FirstSource Trading Up 2.5 %

NYSE BLDR opened at $200.78 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $24.49 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.22 and a beta of 2.08. Builders FirstSource, Inc. has a 52-week low of $105.24 and a 52-week high of $214.70. The firm has a 50-day moving average price of $195.69 and a 200 day moving average price of $168.78.

Builders FirstSource (NYSE:BLDR) last issued its 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 business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.01 billion. Equities research analysts expect that Builders FirstSource, Inc. will post 13.83 EPS for the current year.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the 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 transaction, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by corporate insiders.

About Builders FirstSource

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.