Picton Mahoney Asset Management Purchases 35,781 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Picton Mahoney Asset Management lifted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 64.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,133 shares of the company’s stock after acquiring an additional 35,781 shares during the quarter. Picton Mahoney Asset Management owned 0.07% of Builders FirstSource worth $15,212,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BLDR. Vanguard Group Inc. increased its position in shares of Builders FirstSource by 0.8% during the third quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock worth $1,578,876,000 after purchasing an additional 96,638 shares in the last quarter. Invesco Ltd. increased its position in Builders FirstSource by 80.8% during the 3rd quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock valued at $243,516,000 after buying an additional 874,268 shares in the last quarter. AQR Capital Management LLC raised its stake in Builders FirstSource by 19.5% in the third quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company’s stock valued at $195,931,000 after buying an additional 256,609 shares during the last quarter. Northern Trust Corp boosted its holdings in Builders FirstSource by 8.6% in the third quarter. Northern Trust Corp now owns 1,254,464 shares of the company’s stock worth $156,168,000 after acquiring an additional 99,792 shares in the last quarter. Finally, Dendur Capital LP grew its stake in shares of Builders FirstSource by 3.0% during the third quarter. Dendur Capital LP now owns 1,034,903 shares of the company’s stock worth $128,835,000 after acquiring an additional 30,000 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BLDR shares. Jefferies Financial Group upped their price target on shares of Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Truist Financial lifted their price target on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Royal Bank of Canada increased their price objective on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Wedbush reaffirmed an “outperform” rating and set a $215.00 target price (down previously from $225.00) on shares of Builders FirstSource in a report on Tuesday. Finally, Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and upped their target price for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $199.79.

Builders FirstSource Price Performance

NYSE BLDR traded down $38.03 during trading hours on Tuesday, reaching $162.85. The company’s stock had a trading volume of 8,057,975 shares, compared to its average volume of 1,324,154. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. The company’s 50-day moving average is $195.08 and its two-hundred day moving average is $169.16. Builders FirstSource, Inc. has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The stock has a market cap of $19.86 billion, a PE ratio of 13.58, a PEG ratio of 1.22 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. Analysts forecast that Builders FirstSource, Inc. will post 13.83 EPS for the current year.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the transaction, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Builders FirstSource Company 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.