1,271,172 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Bought by Norges Bank

Norges Bank bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,271,172 shares of the company’s stock, valued at approximately $212,209,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA lifted its position in Builders FirstSource by 30.7% in the fourth quarter. Private Trust Co. NA now owns 345 shares of the company’s stock worth $58,000 after purchasing an additional 81 shares during the period. V Square Quantitative Management LLC lifted its position in Builders FirstSource by 10.2% in the third quarter. V Square Quantitative Management LLC now owns 915 shares of the company’s stock worth $114,000 after purchasing an additional 85 shares during the period. Mezzasalma Advisors LLC lifted its position in Builders FirstSource by 0.6% in the third quarter. Mezzasalma Advisors LLC now owns 14,715 shares of the company’s stock worth $1,832,000 after purchasing an additional 90 shares during the period. iA Global Asset Management Inc. lifted its position in Builders FirstSource by 2.9% in the third quarter. iA Global Asset Management Inc. now owns 3,391 shares of the company’s stock worth $422,000 after purchasing an additional 97 shares during the period. Finally, Financial Enhancement Group LLC lifted its position in Builders FirstSource by 2.5% in the fourth quarter. Financial Enhancement Group LLC now owns 4,101 shares of the company’s stock worth $675,000 after purchasing an additional 99 shares during the period. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $166.10 on Thursday. The stock has a 50-day moving average price of $188.25 and a 200 day moving average price of $173.03. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. The firm has a market cap of $20.27 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.51 and a beta of 2.08. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.23. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.83 billion. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $2.96 earnings per share. Research analysts expect that Builders FirstSource, Inc. will post 13.12 EPS for the current year.

Insiders Place Their Bets

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the subject of several recent analyst reports. DA Davidson reiterated a “neutral” rating and set a $185.00 price objective on shares of Builders FirstSource in a research note on Thursday, March 28th. Robert W. Baird dropped their price objective on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Royal Bank of Canada increased their price objective on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Barclays dropped their price objective on Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Finally, Truist Financial dropped their price objective on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $196.27.

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.