Commonwealth Equity Services LLC Grows Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Commonwealth Equity Services LLC grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,364 shares of the company’s stock after purchasing an additional 690 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Builders FirstSource were worth $2,196,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Mountaineer Partners Management LLC bought a new stake in shares of Builders FirstSource during the third quarter valued at approximately $2,099,877,000. Baillie Gifford & Co. increased its holdings in Builders FirstSource by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock worth $237,753,000 after purchasing an additional 285,458 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Builders FirstSource by 7.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 976,125 shares of the company’s stock worth $139,518,000 after buying an additional 71,525 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Builders FirstSource by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 833,498 shares of the company’s stock worth $119,132,000 after buying an additional 47,656 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Builders FirstSource by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after buying an additional 58,436 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

Shares of BLDR opened at $128.17 on Friday. The firm has a market capitalization of $14.56 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. 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 company’s fifty day moving average price is $146.37 and its 200-day moving average price is $164.90. Builders FirstSource, Inc. has a 1-year low of $122.49 and a 1-year high of $211.12.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. On average, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BMO Capital Markets lowered their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research note on Monday, February 24th. Loop Capital lowered their price target on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, February 24th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Truist Financial lowered their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, Wedbush reiterated an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $190.72.

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.