Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 2,621.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,524 shares of the company’s stock after purchasing an additional 1,468 shares during the period. Venturi Wealth Management LLC’s holdings in Builders FirstSource were worth $218,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Mountain Lake Investment Management LLC raised its position in shares of Builders FirstSource by 7.0% in the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock valued at $5,201,000 after purchasing an additional 2,367 shares in the last quarter. Fiera Capital Corp acquired a new position in shares of Builders FirstSource in the 4th quarter valued at approximately $27,089,000. Lecap Asset Management Ltd. raised its position in shares of Builders FirstSource by 82.6% in the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock valued at $3,151,000 after purchasing an additional 9,970 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of Builders FirstSource in the 4th quarter valued at approximately $405,000. Finally, JPMorgan Chase & Co. raised its position in shares of Builders FirstSource by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock valued at $153,766,000 after purchasing an additional 58,436 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BLDR shares. Truist Financial lowered 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. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price target on shares of Builders FirstSource in a report on Wednesday, January 8th. Stephens boosted their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada lowered their price target on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a report on Friday. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.88.

Builders FirstSource Trading Down 5.0 %

NYSE:BLDR opened at $137.14 on Friday. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 0.81 and a beta of 2.12. The business has a fifty day moving average of $154.21 and a 200-day moving average of $170.52. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Equities analysts predict that Builders FirstSource, Inc. will post 11.5 earnings per share for the current 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.