Builders FirstSource, Inc. (NYSE:BLDR) Stake Lifted by US Bancorp DE

US Bancorp DE raised its stake in Builders FirstSource, Inc. (NYSE:BLDRFree Report) by 20.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 9,611 shares of the company’s stock after buying an additional 1,603 shares during the quarter. US Bancorp DE’s holdings in Builders FirstSource were worth $1,604,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BLDR. Vanguard Group Inc. increased its holdings in shares of Builders FirstSource by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock worth $1,578,876,000 after acquiring an additional 96,638 shares during the period. Invesco Ltd. grew its position in Builders FirstSource by 80.8% in the 3rd quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock worth $243,516,000 after purchasing an additional 874,268 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Builders FirstSource by 19.5% in the third quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company’s stock valued at $195,931,000 after purchasing an additional 256,609 shares during the period. Boston Partners raised its holdings in shares of Builders FirstSource by 73.5% during the fourth quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after buying an additional 578,961 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Builders FirstSource during the fourth quarter worth approximately $212,209,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.4 %

Builders FirstSource stock opened at $160.79 on Friday. The firm has a market cap of $19.63 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 1.43 and a beta of 2.08. Builders FirstSource, Inc. has a 1 year low of $105.24 and a 1 year high of $214.70. The firm’s 50 day moving average price is $182.93 and its two-hundred day moving average price is $174.62. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21.

Builders FirstSource (NYSE:BLDRGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the previous year, the firm posted $2.96 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, research analysts predict that Builders FirstSource, Inc. will post 13.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on BLDR shares. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Wedbush reissued an “outperform” rating and set a $215.00 price target (down from $225.00) on shares of Builders FirstSource in a report on Tuesday, May 7th. Barclays reduced their price objective on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Truist Financial decreased their target price on shares of Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Finally, DA Davidson restated a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $196.27.

Get Our Latest Stock Analysis on Builders FirstSource

Insiders Place Their Bets

In other news, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $170.11, for a total value of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the sale, the insider now owns 22,667 shares in the company, valued at $3,855,883.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Builders FirstSource Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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