Moran Wealth Management LLC Purchases 480 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Moran Wealth Management LLC lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,625 shares of the company’s stock after purchasing an additional 480 shares during the period. Moran Wealth Management LLC’s holdings in Builders FirstSource were worth $4,091,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in Builders FirstSource in the third quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Builders FirstSource in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. bought a new stake in Builders FirstSource in the fourth quarter valued at approximately $34,000. Brown Brothers Harriman & Co. bought a new stake in Builders FirstSource in the third quarter valued at approximately $46,000. Finally, Avion Wealth boosted its holdings in Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after acquiring an additional 306 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BLDR. BMO Capital Markets reduced their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a report on Monday, February 24th. Raymond James reiterated an “outperform” rating and issued a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Benchmark reduced their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Royal Bank of Canada reduced their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Finally, Truist Financial cut their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Five equities research 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $135.75 on Tuesday. 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 twelve month low of $127.45 and a twelve month high of $214.70. The stock’s 50 day moving average is $151.38 and its 200-day moving average is $169.08. The firm has a market capitalization of $15.42 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. The business had revenue of $3.82 billion during 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%. Sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS 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.