Tectonic Advisors LLC Purchases 2,824 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Tectonic Advisors LLC increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 103.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,559 shares of the company’s stock after purchasing an additional 2,824 shares during the quarter. Tectonic Advisors LLC’s holdings in Builders FirstSource were worth $928,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. FCF Advisors LLC raised its holdings in Builders FirstSource by 81.9% in the 4th quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock valued at $3,512,000 after buying an additional 9,470 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Builders FirstSource by 13.3% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 52,312 shares of the company’s stock valued at $6,512,000 after purchasing an additional 6,155 shares during the period. Vanguard Group Inc. grew its position in Builders FirstSource by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock valued at $1,578,876,000 after purchasing an additional 96,638 shares during the period. Czech National Bank acquired a new stake in Builders FirstSource in the 4th quarter valued at $3,608,000. Finally, Mariner LLC grew its position in Builders FirstSource by 364.4% in the 3rd quarter. Mariner LLC now owns 64,186 shares of the company’s stock valued at $7,991,000 after purchasing an additional 50,365 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE:BLDR traded down $1.74 during mid-day trading on Tuesday, reaching $207.04. The stock had a trading volume of 949,010 shares, compared to its average volume of 1,263,515. The firm has a 50 day moving average price of $187.23 and a two-hundred day moving average price of $154.25. The stock has a market capitalization of $25.25 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.27 and a beta of 2.04. Builders FirstSource, Inc. has a one year low of $84.52 and a one year high of $214.70. 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 (NYSE:BLDR) last released its earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. The company 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%. As a group, analysts expect that Builders FirstSource, Inc. will post 14.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLDR has been the topic of several recent analyst reports. Oppenheimer raised their price objective on Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Stifel Nicolaus lifted their target price on Builders FirstSource from $184.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $153.00 to $200.00 in a research note on Monday, January 29th. Finally, Truist Financial lifted their target price on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $181.27.

Insider Buying and Selling

In other Builders FirstSource 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Builders FirstSource Company 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.