Barclays PLC Increases Position in Builders FirstSource, Inc. (NYSE:BLDR)

Barclays PLC grew its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 51.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 347,596 shares of the company’s stock after purchasing an additional 118,093 shares during the period. Barclays PLC’s holdings in Builders FirstSource were worth $49,683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BLDR. E Fund Management Hong Kong Co. Ltd. bought a new stake in Builders FirstSource in the fourth quarter worth $33,000. SBI Securities Co. Ltd. purchased a new stake in Builders FirstSource during the 4th quarter valued at about $34,000. Avion Wealth grew its position in Builders FirstSource by 728.6% during 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. Mather Group LLC. lifted its position in 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 purchasing an additional 237 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted 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 purchasing an additional 134 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Up 3.4 %

NYSE:BLDR opened at $116.94 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The firm has a market cap of $13.30 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.80 and a beta of 1.99. Builders FirstSource, Inc. has a fifty-two week low of $110.84 and a fifty-two week high of $203.14. The firm has a 50-day simple moving average of $132.13 and a two-hundred day simple moving average of $157.77.

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, 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 during the quarter, compared to analyst estimates of $3.90 billion. Analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BLDR. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They set a “buy” rating and a $151.00 price target for the company. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Truist Financial lowered their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Loop Capital cut their price objective on Builders FirstSource from $190.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Stifel Nicolaus reduced their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $186.84.

About Builders FirstSource

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.