Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Headlands Technologies LLC

Headlands Technologies LLC increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 208.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,942 shares of the company’s stock after acquiring an additional 4,015 shares during the period. Headlands Technologies LLC’s holdings in Builders FirstSource were worth $992,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its holdings in Builders FirstSource by 18.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock worth $9,515,000 after buying an additional 9,122 shares during the last quarter. FCF Advisors LLC boosted 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 worth $3,512,000 after buying an additional 9,470 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake 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 worth $6,512,000 after purchasing an additional 6,155 shares in the last quarter. Vanguard Group Inc. lifted its stake in Builders FirstSource by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock worth $1,578,876,000 after purchasing an additional 96,638 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Builders FirstSource by 53.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 94,505 shares of the company’s stock worth $15,777,000 after purchasing an additional 32,819 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on BLDR. Royal Bank of Canada raised their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Barclays raised their target price on shares of Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. DA Davidson reissued a “neutral” rating and issued a $185.00 target price on shares of Builders FirstSource in a research note on Thursday, March 28th. Finally, Oppenheimer lifted their price target on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $190.06.

Builders FirstSource Stock Up 1.3 %

Shares of NYSE BLDR opened at $187.66 on Friday. The firm has a market cap of $22.88 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.16 and a beta of 2.04. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. Builders FirstSource, Inc. has a 52-week low of $90.35 and a 52-week high of $214.70. The business’s 50 day moving average is $195.26 and its two-hundred day moving average is $165.35.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates 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 13.83 EPS for the current year.

Insiders Place Their Bets

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were 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 owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

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.