Horizon Investments LLC Purchases 153 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Horizon Investments LLC grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,091 shares of the company’s stock after acquiring an additional 153 shares during the quarter. Horizon Investments LLC’s holdings in Builders FirstSource were worth $299,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in shares of Builders FirstSource during the third quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Builders FirstSource during the fourth quarter valued at about $33,000. Brown Brothers Harriman & Co. acquired a new position in shares of Builders FirstSource during the third quarter valued at about $46,000. SBI Securities Co. Ltd. acquired a new position in shares of Builders FirstSource during the fourth quarter valued at about $34,000. Finally, Avion Wealth increased its holdings in shares of Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after acquiring an additional 306 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.5 %

Shares of NYSE:BLDR opened at $128.96 on Friday. Builders FirstSource, Inc. has a 1 year low of $122.49 and a 1 year high of $214.70. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The business’s 50 day moving average price is $148.71 and its 200-day moving average price is $166.30.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BLDR. Wedbush restated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Truist Financial dropped their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. BMO Capital Markets dropped their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research report on Monday, February 24th. Stifel Nicolaus dropped their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, Raymond James reiterated an “outperform” rating and issued a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $190.72.

About Builders FirstSource

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.