Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC boosted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 44.4% in the 4th quarter, HoldingsChannel reports. The fund owned 10,907 shares of the company’s stock after acquiring an additional 3,356 shares during the period. Mizuho Securities USA LLC’s holdings in Builders FirstSource were worth $1,559,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BLDR. Mountaineer Partners Management LLC acquired a new position in shares of Builders FirstSource during the third quarter worth $2,099,877,000. FMR LLC boosted its position in shares of Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after acquiring an additional 3,186,876 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock valued at $277,776,000 after acquiring an additional 623,583 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Builders FirstSource by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock worth $237,753,000 after acquiring an additional 285,458 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Builders FirstSource by 7.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 976,125 shares of the company’s stock worth $139,518,000 after purchasing an additional 71,525 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Trading Down 0.8 %

Shares of Builders FirstSource stock opened at $130.72 on Wednesday. The firm has a market cap of $14.85 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 52-week low of $122.49 and a 52-week high of $211.85. The company’s 50-day simple moving average is $147.67 and its 200-day simple moving average is $165.41. 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 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. The company 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 30.54% and a net margin of 6.57%. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Benchmark cut their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Truist Financial cut their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Barclays decreased their target price on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource 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.