Inkwell Capital LLC Purchases Shares of 4,822 Builders FirstSource, Inc. (NYSE:BLDR)

Inkwell Capital LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 4,822 shares of the company’s stock, valued at approximately $689,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BLDR. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Builders FirstSource in the fourth quarter worth approximately $33,000. SBI Securities Co. Ltd. purchased a new stake in Builders FirstSource in the fourth quarter valued at approximately $34,000. Avion Wealth lifted its position in Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after purchasing an additional 306 shares during the last quarter. Finally, Mather Group LLC. grew its stake in Builders FirstSource by 91.2% in the 4th quarter. Mather Group LLC. now owns 497 shares of the company’s stock worth $71,000 after buying an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on BLDR. Loop Capital dropped their price objective on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 24th. Benchmark dropped their price target on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Barclays reduced their price objective on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. 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 research note on Friday, February 21st. Finally, Royal Bank of Canada reduced their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock 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 issued a strong buy rating to the stock. According to MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource Stock Down 2.7 %

Shares of NYSE:BLDR opened at $124.53 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a 50 day moving average price of $145.58 and a 200-day moving average price of $164.57. The firm has a market capitalization 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. Builders FirstSource, Inc. has a 52-week low of $122.49 and a 52-week high of $210.00.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS 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.