Riverwater Partners LLC Acquires New Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Riverwater Partners LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, Holdings Channel reports. The firm purchased 1,571 shares of the company’s stock, valued at approximately $225,000.

A number of other hedge funds also recently made changes to their positions in BLDR. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource in the fourth quarter worth about $33,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource during the 4th quarter worth about $34,000. Avion Wealth lifted 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 period. Mather Group LLC. boosted its holdings in shares of Builders FirstSource by 91.2% in the fourth quarter. Mather Group LLC. now owns 497 shares of the company’s stock valued at $71,000 after acquiring an additional 237 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after acquiring an additional 134 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Up 3.2 %

Builders FirstSource stock opened at $123.69 on Friday. The firm’s 50 day moving average price is $141.46 and its two-hundred day moving average price is $162.57. The firm has a market cap of $14.05 billion, a PE ratio of 13.65, a P/E/G ratio of 0.80 and a beta of 1.99. Builders FirstSource, Inc. has a twelve month low of $114.70 and a twelve month high of $206.02. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77.

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, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.90 billion. On average, research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research reports. BMO Capital Markets decreased their price target on 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. Truist Financial decreased their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Barclays dropped their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Stifel Nicolaus reduced their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 target price on the stock. Five research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $188.63.

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.