Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 44.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,907 shares of the company’s stock after purchasing an additional 3,356 shares during the period. Mizuho Securities USA LLC’s holdings in Builders FirstSource were worth $1,559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new stake in shares of Builders FirstSource in the third quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource during the 4th quarter worth $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of Builders FirstSource during the fourth quarter worth $34,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $46,000. Finally, Avion Wealth lifted its stake in shares of Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after buying an additional 306 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on BLDR shares. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Barclays cut their price target on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Benchmark lowered their price objective on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada cut their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Finally, Truist Financial lowered their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Stock Down 0.8 %

Shares of NYSE:BLDR opened at $130.72 on Wednesday. The firm has a market capitalization of $14.85 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 1 year low of $122.49 and a 1 year high of $211.85. 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 firm’s 50-day moving average is $147.67 and its two-hundred day moving average is $165.41.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Analysts predict that Builders FirstSource, Inc. will post 11.59 EPS 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.