denkapparat Operations GmbH Acquires New Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

denkapparat Operations GmbH acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,394 shares of the company’s stock, valued at approximately $342,000.

A number of other hedge funds also recently bought and sold shares of the stock. Pictet Asset Management Holding SA boosted its holdings in shares of Builders FirstSource by 3.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 329,269 shares of the company’s stock valued at $47,062,000 after buying an additional 12,491 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Builders FirstSource in the fourth quarter worth $74,000. Norges Bank acquired a new position in shares of Builders FirstSource during the fourth quarter worth $199,890,000. Loomis Sayles & Co. L P boosted its position in shares of Builders FirstSource by 8.9% in the 4th quarter. Loomis Sayles & Co. L P now owns 721,068 shares of the company’s stock worth $103,062,000 after purchasing an additional 59,092 shares in the last quarter. Finally, NEOS Investment Management LLC increased its holdings in shares of Builders FirstSource by 27.8% during the fourth quarter. NEOS Investment Management LLC now owns 5,709 shares of the company’s stock valued at $816,000 after acquiring an additional 1,241 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BLDR shares. BMO Capital Markets cut their price objective 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. Truist Financial dropped their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Barclays decreased their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. The Goldman Sachs Group cut their price target on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Stifel Nicolaus lowered their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Five investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $128.17 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $146.37 and a 200 day moving average price of $164.90. Builders FirstSource, Inc. has a 12-month low of $122.49 and a 12-month high of $211.12. The stock has a market cap of $14.56 billion, a P/E ratio of 14.15, a PEG ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (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 business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Sell-side 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.