Gabelli Funds LLC Boosts Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Gabelli Funds LLC lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 75.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,000 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Gabelli Funds LLC’s holdings in Builders FirstSource were worth $2,001,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BLDR. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Builders FirstSource by 3.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock worth $278,000 after buying an additional 64 shares during the period. Integrated Investment Consultants LLC boosted its holdings in shares of Builders FirstSource by 0.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after acquiring an additional 65 shares during the last quarter. TFB Advisors LLC increased its stake in shares of Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock worth $546,000 after acquiring an additional 79 shares during the period. HighPoint Advisor Group LLC raised its holdings in shares of Builders FirstSource by 5.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company’s stock worth $262,000 after purchasing an additional 83 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Builders FirstSource by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,835 shares of the company’s stock valued at $548,000 after purchasing an additional 92 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BLDR shares. The Goldman Sachs Group cut their price target on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Raymond James reiterated an “outperform” rating and set a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Loop Capital lowered their price objective on Builders FirstSource from $190.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Truist Financial dropped their price objective 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. Finally, BMO Capital Markets decreased 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. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $186.84.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $116.94 on Friday. The stock has a market capitalization of $13.30 billion, a P/E ratio of 12.91, a PEG ratio of 0.80 and a beta of 1.99. The business has a 50 day simple moving average of $131.35 and a two-hundred day simple moving average of $157.24. Builders FirstSource, Inc. has a 12 month low of $110.84 and a 12 month high of $203.14. 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 (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share 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 for the quarter, compared to analyst estimates of $3.90 billion. As a group, analysts predict 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.