Denali Advisors LLC Decreases Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Denali Advisors LLC lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,335 shares of the company’s stock after selling 161 shares during the period. Denali Advisors LLC’s holdings in Builders FirstSource were worth $3,192,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Illinois Municipal Retirement Fund increased its holdings in Builders FirstSource by 1.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 113,395 shares of the company’s stock valued at $16,208,000 after purchasing an additional 1,145 shares during the period. First Horizon Advisors Inc. increased its holdings in Builders FirstSource by 36.0% during the 4th quarter. First Horizon Advisors Inc. now owns 635 shares of the company’s stock valued at $91,000 after purchasing an additional 168 shares during the period. Deseret Mutual Benefit Administrators increased its holdings in Builders FirstSource by 22.5% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,123 shares of the company’s stock valued at $161,000 after purchasing an additional 206 shares during the period. Paradigm Asset Management Co. LLC increased its holdings in Builders FirstSource by 355.0% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 9,100 shares of the company’s stock valued at $1,301,000 after purchasing an additional 7,100 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new position in Builders FirstSource during the 4th quarter valued at about $224,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Stephens boosted their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Oppenheimer restated an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Barclays reduced their price target on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday. Truist Financial reduced their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Raymond James reiterated an “outperform” rating and set a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Five equities research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Stock Performance

Shares of BLDR opened at $140.87 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average price is $153.39 and its 200-day moving average price is $170.55. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The stock has a market cap of $16.21 billion, a P/E ratio of 15.55, a P/E/G ratio of 0.80 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping 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 firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal 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.