Renaissance Technologies LLC Makes New $9.95 Million Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Renaissance Technologies LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 69,641 shares of the company’s stock, valued at approximately $9,954,000. Renaissance Technologies LLC owned about 0.06% of Builders FirstSource at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Invst LLC raised its position in Builders FirstSource by 2.1% in the 3rd quarter. Invst LLC now owns 5,723 shares of the company’s stock worth $1,109,000 after purchasing an additional 117 shares during the period. World Investment Advisors LLC purchased a new position in shares of Builders FirstSource in the third quarter worth about $349,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $827,000. Tidal Investments LLC boosted its holdings in Builders FirstSource by 129.4% during the 3rd quarter. Tidal Investments LLC now owns 19,845 shares of the company’s stock valued at $3,847,000 after acquiring an additional 11,194 shares during the period. Finally, American Trust grew its position in Builders FirstSource by 5.0% during the 3rd quarter. American Trust now owns 3,626 shares of the company’s stock worth $703,000 after acquiring an additional 174 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Truist Financial dropped their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Stifel Nicolaus cut their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Builders FirstSource in a research report on Tuesday, April 1st. They set a “buy” rating and a $151.00 price target for the company. Royal Bank of Canada cut their price objective on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Finally, The Goldman Sachs Group decreased their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.84.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $113.15 on Thursday. Builders FirstSource, Inc. has a twelve month low of $110.84 and a twelve month high of $203.14. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $12.87 billion, a P/E ratio of 12.49, a PEG ratio of 0.80 and a beta of 1.99. The stock’s 50 day moving average is $132.13 and its 200 day moving average is $157.77.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.13. The firm 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%. On average, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.