Russell Investments Group Ltd. Acquires 59,991 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Russell Investments Group Ltd. boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 32.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,416 shares of the company’s stock after purchasing an additional 59,991 shares during the quarter. Russell Investments Group Ltd.’s holdings in Builders FirstSource were worth $35,226,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Builders FirstSource during the 4th quarter worth about $199,890,000. Proficio Capital Partners LLC boosted its holdings in shares of Builders FirstSource by 15,533.9% during the fourth quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company’s stock worth $92,891,000 after acquiring an additional 645,746 shares during the period. Diamond Hill Capital Management Inc. grew its position in shares of Builders FirstSource by 47.2% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock valued at $277,776,000 after purchasing an additional 623,583 shares during the last quarter. Baillie Gifford & Co. grew its holdings in Builders FirstSource by 20.7% in the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock valued at $237,753,000 after buying an additional 285,458 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Builders FirstSource in the fourth quarter valued at about $34,540,000. 95.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Loop Capital decreased their price target on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Truist Financial lowered their price objective on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 target price for the company. Finally, StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $188.63.

Builders FirstSource Stock Down 3.9 %

BLDR opened at $119.08 on Tuesday. Builders FirstSource, Inc. has a 12 month low of $114.70 and a 12 month high of $206.02. The company has a 50 day moving average of $140.37 and a 200 day moving average of $161.76. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The company has a market cap of $13.53 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR) last posted 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. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current 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.