Raymond James Financial Inc. Takes Position in Builders FirstSource, Inc. (NYSE:BLDR)

Raymond James Financial Inc. bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, HoldingsChannel reports. The fund bought 241,660 shares of the company’s stock, valued at approximately $34,540,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Builders FirstSource in the fourth quarter valued at about $33,000. SBI Securities Co. Ltd. purchased a new position in Builders FirstSource during the 4th quarter valued at about $34,000. Avion Wealth increased its holdings in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after purchasing an additional 306 shares during the period. Mather Group LLC. raised its position in Builders FirstSource by 91.2% during the 4th 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 lifted its holdings in Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after buying an additional 134 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on BLDR shares. Loop Capital decreased their target price on Builders FirstSource from $190.00 to $170.00 and set a “buy” rating for the company in a report on Monday. Stifel Nicolaus decreased their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a report on Monday, February 24th. Barclays cut their target price on shares of Builders FirstSource from $165.00 to $151.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Wedbush reissued an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. Finally, Truist Financial lowered their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $186.84.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $113.15 on Thursday. Builders FirstSource, Inc. has a 1 year low of $110.84 and a 1 year high of $203.14. The firm’s 50-day moving average is $132.13 and its 200 day moving average is $157.77. The stock has a market cap of $12.87 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.80 and a beta of 1.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last issued 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. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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.