Cibc World Markets Corp Has $2.61 Million Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Cibc World Markets Corp raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,241 shares of the company’s stock after purchasing an additional 2,076 shares during the period. Cibc World Markets Corp’s holdings in Builders FirstSource were worth $2,607,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in shares of Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after buying an additional 134 shares in the last quarter. Mountain Lake Investment Management LLC increased its holdings in shares of Builders FirstSource by 7.0% during the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock worth $5,201,000 after buying an additional 2,367 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Builders FirstSource by 14.9% during the fourth quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock worth $28,084,000 after buying an additional 25,535 shares in the last quarter. Fiera Capital Corp acquired a new position in shares of Builders FirstSource during the fourth quarter worth $27,089,000. Finally, Lecap Asset Management Ltd. increased its holdings in shares of Builders FirstSource by 82.6% during the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock worth $3,151,000 after buying an additional 9,970 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

Shares of BLDR opened at $128.96 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The stock has a 50-day moving average of $148.71 and a 200-day moving average of $166.30. The company has a market cap of $14.65 billion, a PE ratio of 14.23, a P/E/G ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a one year low of $122.49 and a one year high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. The company had revenue of $3.82 billion during 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%. On average, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analysts Set New Price Targets

BLDR has been the subject of several research analyst reports. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Stifel Nicolaus decreased their price objective on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a report on Monday, February 24th. Truist Financial decreased their price objective on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Loop Capital decreased their price objective on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 24th. Finally, BMO Capital Markets decreased their price objective on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.72.

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.