First Trust Advisors LP Grows Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

First Trust Advisors LP raised its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,483 shares of the company's stock after buying an additional 15,342 shares during the period. First Trust Advisors LP owned about 0.17% of Builders FirstSource worth $27,654,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Builders FirstSource by 3.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock valued at $278,000 after purchasing an additional 64 shares during the last quarter. Integrated Investment Consultants LLC grew its stake in shares of Builders FirstSource by 0.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company's stock valued at $2,145,000 after buying an additional 65 shares during the last quarter. TFB Advisors LLC increased its holdings in shares of Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock worth $546,000 after buying an additional 79 shares during the period. HighPoint Advisor Group LLC increased its holdings in shares of Builders FirstSource by 5.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock worth $262,000 after buying an additional 83 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Builders FirstSource by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,835 shares of the company's stock valued at $548,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Barclays decreased their price target on Builders FirstSource from $165.00 to $151.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Truist Financial decreased their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group cut their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price objective on the stock. Finally, Stifel Nicolaus lowered shares of Builders FirstSource from a "buy" rating to a "hold" rating and dropped their target price for the stock from $156.00 to $125.00 in a report on Tuesday. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Builders FirstSource currently has an average rating of "Moderate Buy" and an average price target of $185.21.

Builders FirstSource Stock Down 4.3 %

Builders FirstSource stock traded down $5.12 during trading hours on Thursday, hitting $114.51. The stock had a trading volume of 1,265,835 shares, compared to its average volume of 1,687,109. The stock's 50-day moving average price is $125.88 and its 200-day moving average price is $152.58. Builders FirstSource, Inc. has a 12-month low of $110.84 and a 12-month high of $203.14. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $13.02 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.16. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. During the same period last year, the company posted $2.65 earnings per share. The business's revenue for the quarter was down 6.0% compared to the same quarter last year. 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.