Candriam S.C.A. Has $4.80 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Candriam S.C.A. raised its position in Builders FirstSource, Inc. (NYSE:BLDR) by 70.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 33,613 shares of the company’s stock after purchasing an additional 13,908 shares during the period. Candriam S.C.A.’s holdings in Builders FirstSource were worth $4,804,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mountaineer Partners Management LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at $2,099,877,000. FMR LLC increased its stake in shares of Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares in the last quarter. Baillie Gifford & Co. bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at $267,132,000. Diamond Hill Capital Management Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at $255,867,000. Finally, Loomis Sayles & Co. L P increased its stake in shares of Builders FirstSource by 256,479.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company’s stock valued at $128,331,000 after acquiring an additional 661,718 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE BLDR opened at $134.70 on Friday. Builders FirstSource, Inc. has a 1 year low of $127.45 and a 1 year high of $214.70. 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 has a market cap of $15.30 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 0.80 and a beta of 2.19. The company has a fifty day moving average price of $151.38 and a 200-day moving average price of $169.04.

Builders FirstSource (NYSE:BLDR) last posted its earnings results 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 net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BLDR. Barclays lowered their price objective on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Raymond James reiterated an “outperform” rating and issued a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, Truist Financial decreased their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and a consensus price target 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.