Blueshift Asset Management LLC Boosts Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Blueshift Asset Management LLC boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 53.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,570 shares of the company’s stock after purchasing an additional 2,637 shares during the period. Blueshift Asset Management LLC’s holdings in Builders FirstSource were worth $1,082,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BLDR. Oppenheimer Asset Management Inc. purchased a new position in Builders FirstSource during the third quarter worth approximately $521,000. OneDigital Investment Advisors LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at $273,000. Natixis Advisors LLC raised its stake in shares of Builders FirstSource by 88.3% in the 3rd quarter. Natixis Advisors LLC now owns 42,142 shares of the company’s stock valued at $8,170,000 after acquiring an additional 19,757 shares during the period. Swiss National Bank raised its stake in shares of Builders FirstSource by 0.4% in the 3rd quarter. Swiss National Bank now owns 362,287 shares of the company’s stock valued at $70,233,000 after acquiring an additional 1,300 shares during the period. Finally, Meeder Asset Management Inc. raised its stake in shares of Builders FirstSource by 3,220.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,557 shares of the company’s stock valued at $496,000 after acquiring an additional 2,480 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BLDR. Truist Financial cut their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Stifel Nicolaus cut their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Wedbush reissued an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Loop Capital cut their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, Benchmark cut their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Five equities research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $128.20 on Thursday. The firm has a market cap of $14.57 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.80 and a beta of 2.19. 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. The firm has a fifty day moving average of $149.00 and a two-hundred day moving average of $166.56.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.13. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. As a group, research analysts anticipate 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.