PFG Advisors Purchases 575 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

PFG Advisors raised its position in Builders FirstSource, Inc. (NYSE:BLDR) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,855 shares of the company’s stock after acquiring an additional 575 shares during the quarter. PFG Advisors’ holdings in Builders FirstSource were worth $551,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in Builders FirstSource in the third quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Builders FirstSource in the fourth quarter valued at about $33,000. SBI Securities Co. Ltd. bought a new position in Builders FirstSource in the fourth quarter valued at about $34,000. Brown Brothers Harriman & Co. bought a new position in Builders FirstSource in the third quarter valued at about $46,000. Finally, Avion Wealth lifted its holdings 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 period. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on BLDR shares. Truist Financial decreased their price objective on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Benchmark decreased their price objective on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada decreased their price objective on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group decreased their price objective 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. Finally, Loop Capital decreased their price objective on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Stock Performance

NYSE BLDR opened at $126.20 on Friday. The stock has a market capitalization of $14.34 billion, a PE ratio of 13.93, a P/E/G ratio of 0.80 and a beta of 2.19. The business has a 50 day simple moving average of $150.33 and a two-hundred day simple moving average of $167.91. 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 1-year low of $122.49 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.13. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS 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.