Robeco Institutional Asset Management B.V. Purchases 82,456 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Robeco Institutional Asset Management B.V. increased its position in Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) by 124.7% in the third quarter, HoldingsChannel reports. The firm owned 148,600 shares of the company’s stock after purchasing an additional 82,456 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Builders FirstSource were worth $8,754,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. EMC Capital Management lifted its stake in shares of Builders FirstSource by 15.2% in the 2nd quarter. EMC Capital Management now owns 1,181 shares of the company’s stock valued at $63,000 after purchasing an additional 156 shares during the period. Lmcg Investments LLC raised its stake in Builders FirstSource by 1.4% during the third quarter. Lmcg Investments LLC now owns 13,753 shares of the company’s stock valued at $810,000 after buying an additional 189 shares during the last quarter. United Capital Financial Advisers LLC raised its stake in Builders FirstSource by 6.1% during the first quarter. United Capital Financial Advisers LLC now owns 4,643 shares of the company’s stock valued at $300,000 after buying an additional 268 shares during the last quarter. Eaton Vance Management raised its stake in Builders FirstSource by 0.4% during the first quarter. Eaton Vance Management now owns 70,998 shares of the company’s stock valued at $4,582,000 after buying an additional 315 shares during the last quarter. Finally, Wealthsource Partners LLC raised its stake in Builders FirstSource by 7.7% during the second quarter. Wealthsource Partners LLC now owns 5,017 shares of the company’s stock valued at $269,000 after buying an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 94.71% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR opened at $80.09 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.90 and a quick ratio of 1.12. Builders FirstSource, Inc. has a one year low of $48.91 and a one year high of $90.21. The firm has a market capitalization of $11.05 billion, a P/E ratio of 4.81 and a beta of 1.98. The business has a fifty day moving average of $78.95 and a 200 day moving average of $67.67.

Builders FirstSource (NYSE:BLDR – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.37 by $0.84. Builders FirstSource had a return on equity of 59.80% and a net margin of 12.10%. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the previous year, the company posted $2.78 earnings per share. Builders FirstSource’s revenue was down 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 7.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BLDR. Barclays lifted their price objective on Builders FirstSource from $85.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, March 1st. Truist Financial lifted their price objective on Builders FirstSource from $85.00 to $97.00 in a research note on Wednesday, March 1st. Wedbush lifted their price objective on Builders FirstSource from $80.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, February 27th. Stifel Nicolaus lowered their price objective on Builders FirstSource from $92.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, December 19th. Finally, Robert W. Baird lifted their target price on Builders FirstSource from $80.00 to $96.00 and gave the stock an “outperform” rating in a report on Wednesday, March 1st. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and an average price target of $89.77.

Builders FirstSource Company Profile

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Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood.