Rakuten Securities Inc. Buys New Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Rakuten Securities Inc. bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 171 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Builders FirstSource by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 17,422,176 shares of the company’s stock valued at $1,124,428,000 after purchasing an additional 86,484 shares during the last quarter. Wellington Management Group LLP raised its position in Builders FirstSource by 14.8% during the 1st quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock valued at $727,819,000 after purchasing an additional 1,455,580 shares during the last quarter. State Street Corp raised its position in Builders FirstSource by 0.4% during the 1st quarter. State Street Corp now owns 4,552,723 shares of the company’s stock valued at $404,191,000 after purchasing an additional 17,357 shares during the last quarter. Alliancebernstein L.P. raised its position in Builders FirstSource by 182.0% during the 2nd quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock valued at $313,486,000 after purchasing an additional 1,487,620 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Builders FirstSource by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 2,138,839 shares of the company’s stock valued at $190,771,000 after purchasing an additional 35,562 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of recent analyst reports. Bank of America raised Builders FirstSource from a “neutral” rating to a “buy” rating and upped their price target for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Truist Financial increased their target price on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Jefferies Financial Group increased their target price on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada increased their target price on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and a consensus price target of $190.06.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the stock in a transaction on 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 sale, the director now directly owns 28,738 shares in the company, valued at approximately $5,747,600. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR opened at $182.44 on Friday. The business’s fifty day simple moving average is $195.47 and its two-hundred day simple moving average is $162.39. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67. Builders FirstSource, Inc. has a 12 month low of $90.10 and a 12 month high of $214.70. The company has a market cap of $22.25 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 1.11 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.70 by $0.85. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.01 billion. Research analysts anticipate that Builders FirstSource, Inc. will post 13.84 earnings per share for the current fiscal year.

Builders FirstSource Company 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.