Duality Advisers LP Boosts Position in Builders FirstSource, Inc. (NYSE:BLDR)

Duality Advisers LP boosted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 40.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,629 shares of the company's stock after purchasing an additional 8,841 shares during the quarter. Duality Advisers LP's holdings in Builders FirstSource were worth $5,113,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BLDR. Alliancebernstein L.P. boosted its position in Builders FirstSource by 182.0% during the second quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company's stock worth $313,486,000 after purchasing an additional 1,487,620 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Builders FirstSource by 14.8% in the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company's stock valued at $727,819,000 after acquiring an additional 1,455,580 shares in the last quarter. Norges Bank purchased a new stake in shares of Builders FirstSource in the fourth quarter valued at $91,288,000. Invesco Ltd. lifted its position in shares of Builders FirstSource by 80.8% in the third quarter. Invesco Ltd. now owns 1,956,109 shares of the company's stock valued at $243,516,000 after acquiring an additional 874,268 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Builders FirstSource by 1,106.4% in the first quarter. Envestnet Asset Management Inc. now owns 844,518 shares of the company's stock valued at $5,183,000 after acquiring an additional 774,515 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Trading Down 2.9 %

NYSE:BLDR traded down $5.25 on Friday, hitting $177.03. 1,566,498 shares of the stock were exchanged, compared to its average volume of 1,074,473. The stock has a market cap of $21.59 billion, a PE ratio of 14.76, a PEG ratio of 1.08 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. The stock has a fifty day moving average of $195.30 and a 200-day moving average of $163.39. Builders FirstSource, Inc. has a fifty-two week low of $90.10 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.70 by $0.85. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.01 billion. As a group, equities analysts expect that Builders FirstSource, Inc. will post 13.84 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the 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 completion of the sale, the director now owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

BLDR has been the topic of several recent research reports. Truist Financial upped their price objective on Builders FirstSource from $185.00 to $190.00 and gave the company a "hold" rating in a research report on Friday, February 23rd. Jefferies Financial Group upped their target price on Builders FirstSource from $226.00 to $237.00 and gave the company a "buy" rating in a research note on Thursday. Wedbush upped their target price on Builders FirstSource from $175.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, February 12th. Royal Bank of Canada upped their target price on Builders FirstSource from $186.00 to $211.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Finally, Bank of America upgraded Builders FirstSource from a "neutral" rating to a "buy" rating and upped their target price for the company from $153.00 to $200.00 in a research note on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of "Moderate Buy" and an average target price of $190.06.

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.

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