SBI Securities Co. Ltd. Buys Shares of 237 Builders FirstSource, Inc. (NYSE:BLDR)

SBI Securities Co. Ltd. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 237 shares of the company’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of Builders FirstSource by 38.5% during the 3rd quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock worth $39,025,000 after purchasing an additional 56,009 shares during the period. Sigma Planning Corp acquired a new position in Builders FirstSource in the third quarter valued at $278,000. Nations Financial Group Inc. IA ADV acquired a new stake in Builders FirstSource in the 3rd quarter worth about $441,000. Apollon Wealth Management LLC purchased a new stake in Builders FirstSource in the 3rd quarter valued at about $258,000. Finally, Baillie Gifford & Co. purchased a new stake in Builders FirstSource in the 3rd quarter valued at about $267,132,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Raymond James restated an “outperform” rating and issued a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. BMO Capital Markets reduced their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research report on Monday, February 24th. Truist Financial dropped their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Wedbush reaffirmed an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Price Performance

Shares of BLDR opened at $130.35 on Wednesday. Builders FirstSource, Inc. has a 12 month low of $127.45 and a 12 month high of $214.70. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The stock has a fifty day moving average price of $151.23 and a 200 day moving average price of $168.86. The company has a market cap of $14.81 billion, a P/E ratio of 14.39, a PEG ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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.