J.W. Cole Advisors Inc. Takes Position in Builders FirstSource, Inc. (NYSE:BLDR)

J.W. Cole Advisors Inc. acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,425 shares of the company’s stock, valued at approximately $238,000.

A number of other hedge funds have also made changes to their positions in BLDR. Invesco Ltd. grew its holdings in Builders FirstSource by 80.8% in the 3rd quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock valued at $243,516,000 after buying an additional 874,268 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Builders FirstSource by 30,560.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company’s stock valued at $69,506,000 after buying an additional 556,501 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in Builders FirstSource by 678.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 493,071 shares of the company’s stock valued at $61,382,000 after buying an additional 429,699 shares during the last quarter. AQR Capital Management LLC grew its holdings in Builders FirstSource by 19.5% in the 3rd quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company’s stock valued at $195,931,000 after buying an additional 256,609 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Builders FirstSource by 834.6% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 282,811 shares of the company’s stock valued at $35,207,000 after buying an additional 252,551 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Activity

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Bank of America raised Builders FirstSource from a “neutral” rating to a “buy” rating and raised their target price for the company from $153.00 to $200.00 in a report on Monday, January 29th. Oppenheimer lifted their price objective on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Truist Financial lifted their price objective on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a report on Friday, February 23rd. Jefferies Financial Group lifted their price objective on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Barclays lifted their price objective on Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $190.06.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $185.11 on Friday. Builders FirstSource, Inc. has a 1-year low of $90.10 and a 1-year high of $214.70. The firm’s 50-day moving average price is $195.22 and its two-hundred day moving average price is $164.43. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $22.57 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 1.16 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.01 billion. On average, equities analysts predict that Builders FirstSource, Inc. will post 13.83 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.