Cumberland Partners Ltd Invests $835,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Cumberland Partners Ltd bought a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,000 shares of the company's stock, valued at approximately $835,000.

Other large investors have also added to or reduced their stakes in the company. AE Wealth Management LLC increased its holdings in shares of Builders FirstSource by 488.4% during the third quarter. AE Wealth Management LLC now owns 9,720 shares of the company's stock valued at $1,210,000 after acquiring an additional 8,068 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Builders FirstSource by 133.9% during the third quarter. IFP Advisors Inc now owns 655 shares of the company's stock valued at $82,000 after acquiring an additional 375 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Builders FirstSource during the third quarter valued at about $1,046,000. Ziegler Capital Management LLC increased its holdings in shares of Builders FirstSource by 3.8% during the third quarter. Ziegler Capital Management LLC now owns 2,957 shares of the company's stock valued at $368,000 after acquiring an additional 107 shares in the last quarter. Finally, Capital Investment Advisors LLC acquired a new position in shares of Builders FirstSource during the third quarter valued at about $228,000. 95.53% of the stock is currently owned by institutional investors.

Insider Transactions at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the stock in a transaction on 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 transaction, the director now directly owns 28,738 shares of the company's stock, valued at approximately $5,747,600. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company's stock.

Builders FirstSource Price Performance

Shares of BLDR stock traded down $0.56 during trading hours on Wednesday, hitting $186.68. 1,184,411 shares of the company's stock were exchanged, compared to its average volume of 1,253,893. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The firm has a market cap of $22.76 billion, a P/E ratio of 15.57, a P/E/G ratio of 1.09 and a beta of 2.04. The firm has a 50 day moving average of $195.22 and a two-hundred day moving average of $164.28. 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 earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.85. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. Sell-side analysts forecast that Builders FirstSource, Inc. will post 13.83 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on BLDR. Wedbush upped their target price on Builders FirstSource from $175.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, February 12th. Barclays upped their target price on Builders FirstSource from $235.00 to $240.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. 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 report on Monday, January 29th. Truist Financial upped their target price 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, StockNews.com upgraded Builders FirstSource from a "hold" rating to a "buy" rating in a research report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.