Oak Thistle LLC Buys 1,685 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Oak Thistle LLC increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDRFree Report) by 60.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,459 shares of the company’s stock after acquiring an additional 1,685 shares during the period. Oak Thistle LLC’s holdings in Builders FirstSource were worth $744,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of BLDR. Fairfield Bush & CO. bought a new stake in Builders FirstSource during the first quarter worth about $64,000. PNC Financial Services Group Inc. raised its holdings in Builders FirstSource by 37.0% during the first quarter. PNC Financial Services Group Inc. now owns 8,329 shares of the company’s stock worth $537,000 after acquiring an additional 2,249 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Builders FirstSource by 7.9% during the first quarter. Great West Life Assurance Co. Can now owns 105,236 shares of the company’s stock worth $6,989,000 after buying an additional 7,745 shares during the last quarter. LSV Asset Management increased its position in Builders FirstSource by 4.9% during the first quarter. LSV Asset Management now owns 143,900 shares of the company’s stock worth $9,287,000 after buying an additional 6,700 shares during the last quarter. Finally, Cibc World Market Inc. increased its position in Builders FirstSource by 106.0% during the first quarter. Cibc World Market Inc. now owns 8,339 shares of the company’s stock worth $538,000 after buying an additional 4,290 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 2.8 %

Shares of NYSE:BLDR opened at $199.69 on Wednesday. The company has a market capitalization of $24.35 billion, a P/E ratio of 16.65, a P/E/G ratio of 1.26 and a beta of 2.04. Builders FirstSource, Inc. has a 1 year low of $84.78 and a 1 year high of $214.70. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11. The business’s 50 day simple moving average is $191.71 and its 200 day simple moving average is $157.26.

Builders FirstSource (NYSE:BLDRGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. The business 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%. On average, research analysts anticipate that Builders FirstSource, Inc. will post 14.02 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the stock in a transaction that occurred on 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 owns 28,738 shares of the company’s stock, valued at $5,747,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BLDR shares. Stifel Nicolaus boosted their price target on Builders FirstSource from $184.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. B. Riley raised Builders FirstSource from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $128.00 to $177.00 in a research report on Wednesday, December 6th. BMO Capital Markets boosted their price target on Builders FirstSource from $135.00 to $150.00 and gave the stock a “market perform” rating in a research report on Thursday, December 7th. Truist Financial boosted 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. Finally, Royal Bank of Canada boosted their price target on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.60.

View Our Latest Analysis on Builders FirstSource

Builders FirstSource Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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