Lindbrook Capital LLC Boosts Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Lindbrook Capital LLC grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 237.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 233 shares of the company’s stock after acquiring an additional 164 shares during the period. Lindbrook Capital LLC’s holdings in Builders FirstSource were worth $39,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Contravisory Investment Management Inc. purchased a new stake in shares of Builders FirstSource in the fourth quarter worth $28,000. Rakuten Securities Inc. purchased a new stake in shares of Builders FirstSource in the fourth quarter worth $29,000. Rock Creek Group LP purchased a new stake in shares of Builders FirstSource in the third quarter worth $30,000. BluePath Capital Management LLC purchased a new stake in shares of Builders FirstSource in the third quarter worth $31,000. Finally, Raleigh Capital Management Inc. raised its position in shares of Builders FirstSource by 134.0% in the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock worth $31,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 0.8 %

Shares of NYSE:BLDR opened at $185.11 on Friday. The stock’s 50-day moving average price is $195.22 and its 200-day moving average price is $164.43. Builders FirstSource, Inc. has a 12-month low of $90.10 and a 12-month high of $214.70. The stock has a market capitalization of $22.57 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.16 and a beta of 2.04. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.01 billion. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 13.83 earnings per share for the current year.

Analyst Ratings Changes

BLDR has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price objective on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Wedbush increased their price objective on Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and raised their price target for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Truist Financial raised their price target on Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a research report on Friday, February 23rd. Finally, DA Davidson restated a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.06.

Insider Buying and Selling

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

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.