CIBC Private Wealth Group LLC Has $538,000 Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

CIBC Private Wealth Group LLC increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 30.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,750 shares of the company’s stock after acquiring an additional 882 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Builders FirstSource were worth $538,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Builders FirstSource in the 4th quarter valued at $33,000. SBI Securities Co. Ltd. bought a new stake in Builders FirstSource during the fourth quarter valued at $34,000. Avion Wealth grew its holdings in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after acquiring an additional 306 shares during the period. Mather Group LLC. raised its position in shares of Builders FirstSource by 91.2% in the 4th quarter. Mather Group LLC. now owns 497 shares of the company’s stock worth $71,000 after acquiring an additional 237 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after purchasing an additional 134 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Up 3.2 %

Shares of BLDR stock opened at $123.69 on Friday. Builders FirstSource, Inc. has a 52-week low of $114.70 and a 52-week high of $206.02. The company has a 50-day simple moving average of $141.46 and a two-hundred day simple moving average of $162.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The company has a market capitalization of $14.05 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analysts Set New Price Targets

BLDR has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Wedbush reiterated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Royal Bank of Canada cut their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. BMO Capital Markets dropped their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a research report on Tuesday. They set a “buy” rating and a $151.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $188.63.

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.