171 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 171 shares of the company’s stock, valued at approximately $29,000.

A number of other large investors also recently bought and sold shares of BLDR. Everence Capital Management Inc. acquired a new position in shares of Builders FirstSource during the fourth quarter worth $451,000. Desjardins Global Asset Management Inc. increased its position in shares of Builders FirstSource by 1.9% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 16,545 shares of the company’s stock worth $2,763,000 after purchasing an additional 306 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of Builders FirstSource during the fourth quarter worth $111,000. Cornercap Investment Counsel Inc. acquired a new position in shares of Builders FirstSource during the fourth quarter worth $254,000. Finally, Altus Wealth Group LLC increased its position in shares of Builders FirstSource by 0.8% during the fourth quarter. Altus Wealth Group LLC now owns 54,901 shares of the company’s stock worth $9,165,000 after purchasing an additional 432 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of BLDR opened at $182.44 on Friday. The business’s 50-day moving average is $195.47 and its two-hundred day moving average is $162.39. The company has a market capitalization of $22.25 billion, a P/E ratio of 15.22, a P/E/G ratio of 1.11 and a beta of 2.04. 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 fifty-two week low of $90.10 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly 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 company had revenue of $4.15 billion for 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%. Research analysts predict that Builders FirstSource, Inc. will post 13.84 earnings per share for the current year.

Insider Activity

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 28,738 shares in the company, valued at approximately $5,747,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of recent analyst reports. Truist Financial upped their price target on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. 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. Bank of America raised 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. DA Davidson reissued a “neutral” rating and issued a $185.00 target price on shares of Builders FirstSource in a research report on Thursday, March 28th. Finally, 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. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.