Raymond James Financial Inc. Makes New $34.54 Million Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Raymond James Financial Inc. acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, Holdings Channel reports. The fund acquired 241,660 shares of the company’s stock, valued at approximately $34,540,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Builders FirstSource during the 4th quarter valued at $33,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource during the 4th quarter valued at $34,000. Brown Brothers Harriman & Co. bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at $46,000. Finally, Avion Wealth raised its position in shares of Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after purchasing an additional 306 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BLDR. Truist Financial cut their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Wedbush reissued an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Benchmark dropped their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Raymond James reissued an “outperform” rating and issued a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Finally, The Goldman Sachs Group dropped their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Stock Down 5.3 %

NYSE:BLDR opened at $122.56 on Friday. The firm has a market capitalization of $13.93 billion, a P/E ratio of 13.53, a PEG ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 1-year low of $122.49 and a 1-year high of $214.70. The company’s fifty day moving average price is $150.72 and its 200-day moving average price is $168.22. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share 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 net margin of 6.57% and a return on equity of 30.54%. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current 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.