National Bank of Canada FI Purchases 6,264 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

National Bank of Canada FI lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,744 shares of the company’s stock after acquiring an additional 6,264 shares during the quarter. National Bank of Canada FI’s holdings in Builders FirstSource were worth $7,825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLDR. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Builders FirstSource during the fourth quarter valued at about $33,000. SBI Securities Co. Ltd. bought a new position in Builders FirstSource in the 4th quarter valued at approximately $34,000. Avion Wealth boosted its position in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after buying an additional 306 shares during the period. Mather Group LLC. grew its holdings in Builders FirstSource by 91.2% during the 4th quarter. Mather Group LLC. now owns 497 shares of the company’s stock worth $71,000 after acquiring an additional 237 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after acquiring an additional 134 shares during the period. Institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BLDR shares. Benchmark cut their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Barclays reduced their price target 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. The Goldman Sachs Group lowered their price objective on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Stifel Nicolaus reduced their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, Raymond James restated an “outperform” rating and set a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.63.

Builders FirstSource Trading Up 3.2 %

NYSE BLDR opened at $123.69 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 52 week low of $114.70 and a 52 week high of $206.02. The business has a 50 day moving average price of $141.46 and a 200-day moving average price of $162.57. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. As a group, equities analysts expect 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.