Cornerstone Investment Partners LLC Purchases New Position in Builders FirstSource, Inc. (NYSE:BLDR)

Cornerstone Investment Partners LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,420 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in Builders FirstSource during the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Builders FirstSource during the fourth quarter valued at approximately $33,000. Brown Brothers Harriman & Co. acquired a new position in shares of Builders FirstSource during the third quarter worth $46,000. SBI Securities Co. Ltd. purchased a new position in shares of Builders FirstSource in the fourth quarter valued at $34,000. Finally, Avion Wealth grew its holdings in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after purchasing an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BLDR shares. DA Davidson upped their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Loop Capital reduced their price target on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 24th. Royal Bank of Canada dropped their price objective on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. The Goldman Sachs Group reduced their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Truist Financial decreased their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $130.44 on Wednesday. The company has a market cap of $14.82 billion, a P/E ratio of 14.40, a PEG ratio of 0.80 and a beta of 2.12. The business has a 50 day moving average of $152.54 and a two-hundred day moving average of $169.95. Builders FirstSource, Inc. has a 52 week low of $127.45 and a 52 week high of $214.70. 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 announced its quarterly 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 business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. As a group, analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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.