Family Legacy Inc. Increases Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Family Legacy Inc. boosted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 136.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,451 shares of the company’s stock after purchasing an additional 1,415 shares during the period. Family Legacy Inc.’s holdings in Builders FirstSource were worth $352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLDR. Smartleaf Asset Management LLC increased its stake in 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 acquiring an additional 134 shares during the last quarter. Mountain Lake Investment Management LLC raised its stake in shares of Builders FirstSource by 7.0% in 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 lifted its holdings in shares of Builders FirstSource by 14.9% during 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 acquired a new position in shares of Builders FirstSource during the fourth quarter worth about $27,089,000. Finally, Lecap Asset Management Ltd. lifted its position in Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock worth $3,151,000 after acquiring an additional 9,970 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BLDR has been the subject of a number of recent analyst reports. Raymond James restated an “outperform” rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Truist Financial decreased their price target 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. BMO Capital Markets lowered their target price on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research note on Monday, February 24th. Finally, Barclays reduced their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” 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 assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Trading Down 2.7 %

Builders FirstSource stock opened at $124.53 on Monday. The stock has a market cap of $14.15 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.80 and a beta of 2.19. The company’s fifty day simple moving average is $145.58 and its 200-day simple moving average is $164.53. 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 $122.49 and a 12 month high of $210.00.

Builders FirstSource (NYSE:BLDR) last released its 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. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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.