J.Safra Asset Management Corp Has $331,000 Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

J.Safra Asset Management Corp grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 91.2% in the 4th quarter, Holdings Channel reports. The fund owned 2,310 shares of the company’s stock after buying an additional 1,102 shares during the period. J.Safra Asset Management Corp’s holdings in Builders FirstSource were worth $331,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. 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. Fiera Capital Corp acquired a new position in Builders FirstSource in the 4th quarter worth about $27,089,000. Lecap Asset Management Ltd. increased its holdings in Builders FirstSource by 82.6% in the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock worth $3,151,000 after purchasing an additional 9,970 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in Builders FirstSource in the 4th quarter worth about $405,000. Finally, Fisher Asset Management LLC increased its holdings in Builders FirstSource by 14.9% in the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock worth $28,084,000 after purchasing an additional 25,535 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several recent research reports. Benchmark lowered their price objective on 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 restated an “outperform” rating and issued a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. The Goldman Sachs Group decreased their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Royal Bank of Canada decreased their price objective on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Finally, 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. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Trading Down 3.3 %

Shares of Builders FirstSource stock opened at $130.44 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 52 week low of $127.45 and a 52 week high of $214.70. The stock has a 50 day moving average price of $152.54 and a two-hundred day moving average price of $169.95. The stock has a market capitalization of $14.82 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12.

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 the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share 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.