Riverwater Partners LLC Buys New Position in Builders FirstSource, Inc. (NYSE:BLDR)

Riverwater Partners LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,571 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Diamond Hill Capital Management Inc. boosted its stake in Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after buying an additional 623,583 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Builders FirstSource by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock worth $237,753,000 after acquiring an additional 285,458 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Builders FirstSource by 8.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,578,655 shares of the company’s stock worth $225,637,000 after acquiring an additional 120,400 shares during the last quarter. Norges Bank acquired a new stake in shares of Builders FirstSource in the fourth quarter worth approximately $199,890,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Builders FirstSource by 7.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 976,125 shares of the company’s stock valued at $139,518,000 after purchasing an additional 71,525 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BLDR shares. Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Truist Financial dropped their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. BMO Capital Markets reduced their price objective on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research note on Monday, February 24th. Finally, The Goldman Sachs Group dropped their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.63.

Builders FirstSource Stock Performance

Shares of BLDR opened at $123.69 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 12-month low of $114.70 and a 12-month high of $206.02. The business’s fifty day moving average price is $141.46 and its 200 day moving average price is $162.57. The stock has a market capitalization of $14.05 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99.

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

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.