Inceptionr LLC Has $872,000 Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Inceptionr LLC grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 24.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,104 shares of the company’s stock after purchasing an additional 1,197 shares during the quarter. Inceptionr LLC’s holdings in Builders FirstSource were worth $872,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Builders FirstSource in the fourth quarter valued at about $33,000. Brown Brothers Harriman & Co. bought a new stake in shares of Builders FirstSource in the third quarter valued at about $46,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource in the fourth quarter valued at about $34,000. Finally, Avion Wealth lifted its stake in shares of 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 buying an additional 306 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on BLDR. Truist Financial cut their price target 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. BMO Capital Markets cut their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research note on Monday, February 24th. Stephens raised their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Barclays cut their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Finally, Loop Capital cut their price target on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Five equities research 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Price Performance

BLDR opened at $134.14 on Friday. The company has a fifty day moving average price of $151.87 and a two-hundred day moving average price of $169.49. 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 firm has a market capitalization of $15.24 billion, a PE ratio of 14.81, a P/E/G ratio of 0.80 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.90 billion. As a group, analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current 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.