309 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 309 shares of the company’s stock, valued at approximately $52,000.

Several other hedge funds have also recently bought and sold shares of BLDR. Fairfield Bush & CO. acquired a new position in Builders FirstSource during the 1st quarter worth about $64,000. PNC Financial Services Group Inc. lifted its stake in Builders FirstSource by 37.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,329 shares of the company’s stock worth $537,000 after acquiring an additional 2,249 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Builders FirstSource by 7.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 105,236 shares of the company’s stock worth $6,989,000 after acquiring an additional 7,745 shares in the last quarter. LSV Asset Management lifted its stake in Builders FirstSource by 4.9% during the 1st quarter. LSV Asset Management now owns 143,900 shares of the company’s stock worth $9,287,000 after acquiring an additional 6,700 shares in the last quarter. Finally, Cibc World Market Inc. lifted its stake in Builders FirstSource by 106.0% during the 1st quarter. Cibc World Market Inc. now owns 8,339 shares of the company’s stock worth $538,000 after acquiring an additional 4,290 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Royal Bank of Canada increased their price target on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. DA Davidson reaffirmed a “neutral” rating and issued a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Jefferies Financial Group increased their price target on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Finally, Truist Financial increased their price target on Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $190.06.

Builders FirstSource Trading Down 3.0 %

BLDR opened at $176.87 on Friday. Builders FirstSource, Inc. has a one year low of $90.10 and a one year high of $214.70. The company has a market cap of $21.57 billion, a P/E ratio of 14.75, a PEG ratio of 1.09 and a beta of 2.04. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. The business’s 50-day simple moving average is $195.30 and its 200-day simple moving average is $162.76.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 13.84 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by company insiders.

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.