denkapparat Operations GmbH Takes Position in Builders FirstSource, Inc. (NYSE:BLDR)

denkapparat Operations GmbH acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,394 shares of the company’s stock, valued at approximately $342,000.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after buying an additional 134 shares during the period. Mountain Lake Investment Management LLC boosted its holdings in Builders FirstSource by 7.0% during the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock valued at $5,201,000 after acquiring an additional 2,367 shares during the period. Fisher Asset Management LLC grew its position in Builders FirstSource by 14.9% in the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock valued at $28,084,000 after acquiring an additional 25,535 shares in the last quarter. Fiera Capital Corp purchased a new stake in Builders FirstSource during the fourth quarter worth about $27,089,000. Finally, Lecap Asset Management Ltd. lifted its position in shares of Builders FirstSource by 82.6% during the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock worth $3,151,000 after purchasing an additional 9,970 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Benchmark reduced 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 lowered their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Truist Financial decreased their price objective on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Raymond James reaffirmed an “outperform” rating and issued a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $128.17 on Friday. The stock has a market cap of $14.56 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a twelve month low of $122.49 and a twelve month high of $211.12. The stock has a 50 day moving average of $146.37 and a two-hundred day moving average of $164.90. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last released its quarterly 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 during the quarter, compared to the consensus estimate of $3.90 billion. On average, research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource 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.