CreativeOne Wealth LLC Has $512,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

CreativeOne Wealth LLC boosted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 15.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,583 shares of the company’s stock after buying an additional 473 shares during the quarter. CreativeOne Wealth LLC’s holdings in Builders FirstSource were worth $512,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Builders FirstSource by 7.3% during the fourth quarter. FMR LLC now owns 10,898,366 shares of the company’s stock valued at $1,557,703,000 after acquiring an additional 740,214 shares during the period. Invesco Ltd. lifted its position in Builders FirstSource by 1.2% during the 4th quarter. Invesco Ltd. now owns 2,253,588 shares of the company’s stock valued at $322,105,000 after purchasing an additional 26,314 shares during the period. Diamond Hill Capital Management Inc. grew its position in shares of Builders FirstSource by 47.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after buying an additional 623,583 shares during the period. Baillie Gifford & Co. raised its stake in shares of Builders FirstSource by 20.7% during the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock worth $237,753,000 after buying an additional 285,458 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Builders FirstSource by 8.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,578,655 shares of the company’s stock valued at $225,637,000 after buying an additional 120,400 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several recent research reports. BMO Capital Markets dropped their target price on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research report on Monday, February 24th. The Goldman Sachs Group cut their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Benchmark lowered their price target on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Barclays reduced their price objective 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. Finally, Stifel Nicolaus lowered their target price 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. Five 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, Builders FirstSource has a consensus rating of “Moderate Buy” and an average price target of $186.84.

Builders FirstSource Trading Up 3.4 %

Builders FirstSource stock opened at $116.94 on Friday. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 0.80 and a beta of 1.99. The firm has a 50-day moving average of $131.35 and a 200-day moving average of $157.24. 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, Inc. has a one year low of $110.84 and a one year high of $203.14.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating 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 firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. On average, equities analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.