Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 53.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,505 shares of the company’s stock after acquiring an additional 32,819 shares during the period. Allspring Global Investments Holdings LLC owned 0.08% of Builders FirstSource worth $15,777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Builders FirstSource by 0.5% in the first quarter. Vanguard Group Inc. now owns 17,422,176 shares of the company’s stock valued at $1,124,428,000 after acquiring an additional 86,484 shares during the period. Wellington Management Group LLP boosted its stake in Builders FirstSource by 14.8% in the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock valued at $727,819,000 after acquiring an additional 1,455,580 shares during the period. State Street Corp boosted its position in shares of Builders FirstSource by 0.4% during the first quarter. State Street Corp now owns 4,552,723 shares of the company’s stock worth $404,191,000 after buying an additional 17,357 shares during the period. Alliancebernstein L.P. grew its holdings in Builders FirstSource by 182.0% in the 2nd quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock worth $313,486,000 after buying an additional 1,487,620 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Builders FirstSource by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 2,138,839 shares of the company’s stock worth $190,771,000 after buying an additional 35,562 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Builders FirstSource

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

Builders FirstSource Price Performance

BLDR opened at $189.53 on Monday. The stock has a fifty day moving average of $195.35 and a 200-day moving average of $161.31. The firm has a market capitalization of $23.11 billion, a P/E ratio of 15.81, a PEG ratio of 1.16 and a beta of 2.04. Builders FirstSource, Inc. has a 12-month low of $90.10 and a 12-month high of $214.70. 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 (NYSE:BLDR) last released 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 during 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%. Equities analysts forecast that Builders FirstSource, Inc. will post 13.84 EPS for the current fiscal year.

Analyst Ratings Changes

BLDR has been the subject of a number of recent analyst reports. Truist Financial increased their price objective on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a report on Friday, February 23rd. Wedbush increased their price objective on Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. Royal Bank of Canada increased their price objective on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Bank of America raised Builders FirstSource from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $153.00 to $200.00 in a report on Monday, January 29th. Finally, StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.93.

Builders FirstSource Company 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.