1,484 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Purchased by Bank of Marin

Bank of Marin acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,484 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Builders FirstSource during the 3rd quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Builders FirstSource during the 4th quarter worth about $33,000. Brown Brothers Harriman & Co. bought a new stake in Builders FirstSource during the 3rd quarter worth about $46,000. SBI Securities Co. Ltd. bought a new stake in Builders FirstSource during the 4th quarter worth about $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 worth $49,000 after acquiring an additional 306 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Raymond James reaffirmed an “outperform” rating and issued a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. BMO Capital Markets reduced their target price on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research note on Monday, February 24th. Loop Capital reduced their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, Barclays reduced their target price 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. Five investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource Stock Performance

Shares of BLDR opened at $127.79 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a twelve month low of $122.49 and a twelve month high of $214.70. The firm’s 50 day moving average price is $149.31 and its two-hundred day moving average price is $166.83. The firm has a market cap of $14.52 billion, a P/E ratio of 14.11, a PEG ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last announced 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. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. On average, analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal 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.