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

Candriam S.C.A. raised its position in Builders FirstSource, Inc. (NYSE:BLDR) by 70.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,613 shares of the company’s stock after acquiring an additional 13,908 shares during the quarter. Candriam S.C.A.’s holdings in Builders FirstSource were worth $4,804,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BLDR. Brooklyn Investment Group acquired a new stake in Builders FirstSource in the third quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource in the fourth quarter valued at $33,000. SBI Securities Co. Ltd. acquired a new stake in Builders FirstSource in the fourth quarter valued at $34,000. Brown Brothers Harriman & Co. acquired a new stake in Builders FirstSource in the third quarter valued at $46,000. Finally, Avion Wealth lifted its stake in Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after acquiring an additional 306 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

BLDR stock opened at $134.70 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 12 month low of $127.45 and a 12 month high of $214.70. The firm has a market cap of $15.30 billion, a P/E ratio of 14.87, a P/E/G ratio of 0.80 and a beta of 2.19. The company’s 50-day moving average price is $151.38 and its two-hundred day moving average price is $169.04.

Builders FirstSource (NYSE:BLDR) last released its 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 net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. On average, analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on BLDR. The Goldman Sachs Group dropped their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Raymond James reissued an “outperform” rating and issued a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Truist Financial dropped their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Loop Capital dropped their price objective on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, Stifel Nicolaus dropped their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.72.

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.