Certuity LLC Takes Position in Builders FirstSource, Inc. (NYSE:BLDR)

Certuity LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 14,952 shares of the company's stock, valued at approximately $2,496,000.

Several other hedge funds have also made changes to their positions in the business. Contravisory Investment Management Inc. purchased a new position in Builders FirstSource during the fourth quarter worth approximately $28,000. Rakuten Securities Inc. purchased a new stake in shares of Builders FirstSource during the 4th quarter worth about $29,000. Rock Creek Group LP acquired a new stake in Builders FirstSource during the 3rd quarter worth approximately $30,000. BluePath Capital Management LLC acquired a new position in Builders FirstSource during the third quarter valued at approximately $31,000. Finally, Raleigh Capital Management Inc. grew its stake in Builders FirstSource by 134.0% during the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company's stock worth $31,000 after buying an additional 142 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the transaction, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on BLDR shares. DA Davidson reaffirmed a "neutral" rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Barclays boosted their price target on Builders FirstSource from $235.00 to $240.00 and gave the stock an "overweight" rating in a research report on Thursday, April 4th. Royal Bank of Canada lifted their price objective on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Truist Financial raised their price target on shares of Builders FirstSource from $185.00 to $190.00 and gave the company a "hold" rating in a report on Friday, February 23rd. Finally, Oppenheimer boosted their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an "outperform" rating in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.06.

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded down $4.64 during trading on Tuesday, reaching $182.82. The stock had a trading volume of 976,116 shares, compared to its average volume of 1,237,381. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. Builders FirstSource, Inc. has a one year low of $92.13 and a one year high of $214.70. The firm's 50 day moving average price is $195.33 and its two-hundred day moving average price is $166.13. The stock has a market cap of $22.30 billion, a PE ratio of 15.63, a P/E/G ratio of 1.16 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $4.01 billion. On average, research analysts forecast that Builders FirstSource, Inc. will post 13.83 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.