Builders FirstSource, Inc. (NYSE:BLDR) is Robotti Robert’s 2nd Largest Position

Robotti Robert decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 394,174 shares of the company’s stock after selling 3,398 shares during the quarter. Builders FirstSource accounts for about 9.9% of Robotti Robert’s investment portfolio, making the stock its 2nd largest position. Robotti Robert owned approximately 0.34% of Builders FirstSource worth $56,339,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of Builders FirstSource in the third quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Builders FirstSource in the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of Builders FirstSource in the fourth quarter worth $34,000. Brown Brothers Harriman & Co. bought a new stake in Builders FirstSource during the third quarter valued at about $46,000. Finally, Avion Wealth raised its stake in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after purchasing an additional 306 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. BMO Capital Markets dropped their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. Raymond James reaffirmed an “outperform” rating and issued a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Truist Financial cut their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, Barclays decreased their price objective on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Trading Down 1.4 %

Shares of NYSE BLDR opened at $129.07 on Thursday. Builders FirstSource, Inc. has a twelve month low of $122.49 and a twelve month high of $211.12. The firm has a market cap of $14.67 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The business has a fifty day simple moving average of $147.02 and a two-hundred day simple moving average of $165.16. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal 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.