Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators raised its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 22.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,123 shares of the company’s stock after acquiring an additional 206 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Builders FirstSource were worth $161,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Builders FirstSource during the fourth quarter worth $33,000. Reston Wealth Management LLC acquired a new position in Builders FirstSource in the third quarter worth $39,000. Brown Brothers Harriman & Co. bought a new stake in Builders FirstSource during the third quarter valued at $46,000. Finally, Avion Wealth raised its holdings in shares of Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after purchasing an additional 306 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 5.0 %

BLDR stock opened at $137.14 on Friday. The firm’s 50-day moving average is $154.21 and its two-hundred day moving average is $170.52. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 0.81 and a beta of 2.12. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on BLDR. Truist Financial cut their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Friday. Stephens increased their price target on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. DA Davidson boosted their price objective on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Oppenheimer restated an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 target price on shares of Builders FirstSource in a research note on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $196.88.

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.