Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 30.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,777 shares of the company’s stock after purchasing an additional 4,904 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Builders FirstSource were worth $963,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in BLDR. BlackRock Inc. increased its holdings in Builders FirstSource by 29.5% in the 4th quarter. BlackRock Inc. now owns 18,043,499 shares of the company’s stock valued at $736,354,000 after acquiring an additional 4,107,395 shares during the last quarter. Select Equity Group L.P. increased its holdings in Builders FirstSource by 11.5% in the 4th quarter. Select Equity Group L.P. now owns 6,097,333 shares of the company’s stock valued at $248,832,000 after acquiring an additional 627,441 shares during the last quarter. William Blair Investment Management LLC increased its holdings in Builders FirstSource by 64.9% in the 4th quarter. William Blair Investment Management LLC now owns 5,462,733 shares of the company’s stock valued at $222,934,000 after acquiring an additional 2,150,702 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Builders FirstSource by 11.6% in the 4th quarter. Bank of New York Mellon Corp now owns 3,208,108 shares of the company’s stock valued at $130,923,000 after acquiring an additional 332,486 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Builders FirstSource by 22.2% in the 4th quarter. Northern Trust Corp now owns 2,547,622 shares of the company’s stock valued at $103,969,000 after acquiring an additional 463,023 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.
In other news, insider Jami Lynn Coulter sold 5,000 shares of the business’s stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $44.47, for a total value of $222,350.00. Following the completion of the sale, the insider now owns 22,819 shares in the company, valued at approximately $1,014,760.93. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Timothy D. Johnson sold 10,000 shares of the business’s stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $44.39, for a total transaction of $443,900.00. Following the completion of the sale, the executive vice president now owns 15,418 shares of the company’s stock, valued at approximately $684,405.02. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.
Shares of BLDR opened at $44.62 on Thursday. Builders FirstSource, Inc. has a 1-year low of $18.09 and a 1-year high of $53.99. The company has a 50-day moving average of $48.73 and a 200 day moving average of $42.31. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 24.52 and a beta of 2.65. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.90 and a quick ratio of 1.21.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Thursday, May 6th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.29. Builders FirstSource had a net margin of 2.76% and a return on equity of 29.40%. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the business posted $0.34 EPS. The firm’s revenue for the quarter was up 133.6% on a year-over-year basis. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 2.65 earnings per share for the current fiscal year.
A number of analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Builders FirstSource in a report on Tuesday, March 9th. They issued a “buy” rating on the stock. Royal Bank of Canada lifted their price objective on shares of Builders FirstSource from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, May 6th. DA Davidson lifted their price objective on shares of Builders FirstSource from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, March 1st. Barclays lifted their price objective on shares of Builders FirstSource from $57.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, May 7th. Finally, Truist lifted their price objective on shares of Builders FirstSource from $52.00 to $60.00 in a research note on Friday, May 7th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Builders FirstSource currently has a consensus rating of “Buy” and a consensus target price of $53.33.
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. The company operates through four segments: Northeast, Southeast, South, and West.
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