J.Safra Asset Management Corp Has $331,000 Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

J.Safra Asset Management Corp increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 91.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,310 shares of the company’s stock after purchasing an additional 1,102 shares during the quarter. J.Safra Asset Management Corp’s holdings in Builders FirstSource were worth $331,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new position in Builders FirstSource during the third quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $33,000. SBI Securities Co. Ltd. acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $34,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $46,000. Finally, Avion Wealth boosted its holdings in shares of Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after buying an additional 306 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on BLDR. Barclays cut their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Royal Bank of Canada cut their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. DA Davidson raised their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Truist Financial cut their price objective on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $130.44 on Wednesday. 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, Inc. has a 12-month low of $127.45 and a 12-month high of $214.70. The company’s 50 day moving average price is $152.54 and its two-hundred day moving average price is $169.95. The firm has a market cap of $14.82 billion, a PE ratio of 14.40, a PEG ratio of 0.80 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Equities research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share 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.