Amundi Has $61.41 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Amundi grew its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 36.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 427,966 shares of the company’s stock after buying an additional 113,333 shares during the quarter. Amundi’s holdings in Builders FirstSource were worth $61,413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BLDR. Mountaineer Partners Management LLC bought a new stake in shares of Builders FirstSource in the third quarter worth $2,099,877,000. FMR LLC lifted its position in shares of Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after purchasing an additional 3,186,876 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of Builders FirstSource by 20.7% in the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock worth $237,753,000 after purchasing an additional 285,458 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Builders FirstSource by 23.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock worth $282,697,000 after purchasing an additional 277,897 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Builders FirstSource by 7.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 976,125 shares of the company’s stock worth $139,518,000 after purchasing an additional 71,525 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BLDR shares. Benchmark cut their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Barclays cut their price objective on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Wedbush reissued an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. BMO Capital Markets cut their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research report on Monday, February 24th. Finally, Truist Financial dropped their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Price Performance

NYSE:BLDR opened at $130.35 on Wednesday. Builders FirstSource, Inc. has a one year low of $127.45 and a one year high of $214.70. The company has a market cap of $14.81 billion, a P/E ratio of 14.39, a P/E/G ratio of 0.80 and a beta of 2.19. The firm’s fifty day moving average price is $151.23 and its two-hundred day moving average price is $168.86. 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 EPS for the quarter, beating 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. Equities analysts expect 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.