Livforsakringsbolaget Skandia Omsesidigt Buys Shares of 309 Builders FirstSource, Inc. (NYSE:BLDR)

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 309 shares of the company’s stock, valued at approximately $52,000.

Several other institutional investors have also recently made changes to their positions in the business. Daiwa Securities Group Inc. lifted its stake in shares of Builders FirstSource by 6.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 19,907 shares of the company’s stock worth $3,323,000 after purchasing an additional 1,207 shares during the period. Rakuten Securities Inc. bought a new position in shares of Builders FirstSource in the 4th quarter worth approximately $29,000. Everence Capital Management Inc. bought a new position in shares of Builders FirstSource in the 4th quarter worth approximately $451,000. Desjardins Global Asset Management Inc. lifted its stake in shares of Builders FirstSource by 1.9% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 16,545 shares of the company’s stock worth $2,763,000 after purchasing an additional 306 shares during the period. Finally, Sentry Investment Management LLC bought a new position in shares of Builders FirstSource in the 4th quarter worth approximately $111,000. Institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

BLDR has been the topic of several recent research reports. Truist Financial increased their price objective on shares of Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. Jefferies Financial Group increased their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Barclays increased their target price on shares of Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, Royal Bank of Canada increased their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.06.

Insider Buying and Selling

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the sale, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by corporate insiders.

Builders FirstSource Stock Down 3.0 %

NYSE BLDR opened at $176.87 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. The company has a market capitalization of $21.57 billion, a P/E ratio of 14.75, a P/E/G ratio of 1.09 and a beta of 2.04. Builders FirstSource, Inc. has a one year low of $90.10 and a one year high of $214.70. The stock has a 50 day moving average price of $195.30 and a 200-day moving average price of $162.76.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. As a group, equities analysts predict that Builders FirstSource, Inc. will post 13.84 EPS 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.