Keybank National Association OH Invests $581,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Keybank National Association OH acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,068 shares of the company’s stock, valued at approximately $581,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cornerstone Investment Partners LLC purchased a new stake in Builders FirstSource during the fourth quarter worth about $203,000. Ring Mountain Capital LLC purchased a new stake in Builders FirstSource during the fourth quarter worth about $560,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Builders FirstSource by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 833,498 shares of the company’s stock valued at $119,132,000 after purchasing an additional 47,656 shares in the last quarter. Auxano Advisors LLC lifted its holdings in shares of Builders FirstSource by 8.3% in the fourth quarter. Auxano Advisors LLC now owns 2,388 shares of the company’s stock valued at $341,000 after purchasing an additional 182 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Builders FirstSource in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the topic of several recent research reports. Raymond James reaffirmed an “outperform” rating and issued a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Benchmark reduced their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Stifel Nicolaus reduced their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, Truist Financial cut 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 report on Friday, February 21st. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $134.70 on Monday. Builders FirstSource, Inc. has a one year low of $127.45 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The company has a 50 day moving average price of $151.38 and a 200 day moving average price of $169.08. The firm has a market capitalization of $15.30 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) 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 company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

About Builders FirstSource

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.