Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Horizon Investments LLC

Horizon Investments LLC boosted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,091 shares of the company’s stock after purchasing an additional 153 shares during the quarter. Horizon Investments LLC’s holdings in Builders FirstSource were worth $299,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BLDR. Brooklyn Investment Group acquired a new position in Builders FirstSource in the 3rd quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Builders FirstSource in the 4th quarter worth $33,000. SBI Securities Co. Ltd. acquired a new stake in shares of Builders FirstSource in the 4th quarter worth $34,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Builders FirstSource in the 3rd quarter worth $46,000. Finally, Avion Wealth increased its stake in shares of Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after acquiring an additional 306 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $128.96 on Friday. The business has a 50-day moving average of $148.71 and a 200 day moving average of $166.30. Builders FirstSource, Inc. has a 12 month low of $122.49 and a 12 month high of $214.70. The stock has a market capitalization of $14.65 billion, a price-to-earnings ratio of 14.23, 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.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.13. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Barclays cut their target price on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. The Goldman Sachs Group cut their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Benchmark cut their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Loop Capital cut their price objective on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Company 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.