Family Legacy Inc. Has $352,000 Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Family Legacy Inc. increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 136.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,451 shares of the company’s stock after acquiring an additional 1,415 shares during the quarter. Family Legacy Inc.’s holdings in Builders FirstSource were worth $352,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. purchased a new stake in shares of Builders FirstSource in the third quarter valued at about $278,000. Brooklyn Investment Group purchased a new stake in Builders FirstSource in the 3rd quarter valued at about $28,000. Townsquare Capital LLC lifted its position in shares of Builders FirstSource by 11.9% during the 3rd quarter. Townsquare Capital LLC now owns 3,701 shares of the company’s stock worth $718,000 after buying an additional 394 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $603,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Builders FirstSource in the third quarter valued at approximately $3,538,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Down 2.7 %

Shares of Builders FirstSource stock opened at $124.53 on Monday. Builders FirstSource, Inc. has a 1-year low of $122.49 and a 1-year high of $210.00. The stock has a market cap of $14.15 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.80 and a beta of 2.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The stock’s 50 day simple moving average is $145.58 and its 200-day simple moving average is $164.53.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.90 billion. Analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BLDR. Benchmark decreased their price target 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. Wedbush reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Raymond James reiterated an “outperform” rating and issued a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Royal Bank of Canada dropped their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Finally, Truist Financial reduced their price objective 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. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.72.

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.