National Bank of Canada FI Has $7.83 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

National Bank of Canada FI grew its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,744 shares of the company’s stock after acquiring an additional 6,264 shares during the period. National Bank of Canada FI’s holdings in Builders FirstSource were worth $7,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. HighTower Advisors LLC lifted its holdings in Builders FirstSource by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after buying an additional 64 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Builders FirstSource by 3.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock worth $278,000 after acquiring an additional 64 shares during the last quarter. Integrated Investment Consultants LLC lifted its stake in shares of Builders FirstSource by 0.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after acquiring an additional 65 shares during the period. TFB Advisors LLC boosted its holdings in Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after acquiring an additional 79 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its position in Builders FirstSource by 5.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company’s stock worth $262,000 after purchasing an additional 83 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

NYSE BLDR opened at $123.69 on Friday. Builders FirstSource, Inc. has a 1 year low of $114.70 and a 1 year high of $206.02. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 0.80 and a beta of 1.99. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The firm’s 50 day simple moving average is $141.46 and its 200 day simple moving average is $162.57.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS 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 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, research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of research reports. 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 research report on Friday, February 21st. Barclays reduced their price objective on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They set a “buy” rating and a $151.00 target price for the company. Royal Bank of Canada cut their price target on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Finally, Wedbush reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $188.63.

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.