Opinicus Capital Inc. Takes $363,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

Opinicus Capital Inc. purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,175 shares of the company’s stock, valued at approximately $363,000.

Other institutional investors and hedge funds have also modified their holdings of the company. DekaBank Deutsche Girozentrale boosted its position in Builders FirstSource by 18.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock valued at $9,515,000 after purchasing an additional 9,122 shares during the last quarter. FCF Advisors LLC boosted its position in Builders FirstSource by 81.9% during the fourth quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock valued at $3,512,000 after purchasing an additional 9,470 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Builders FirstSource by 13.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 52,312 shares of the company’s stock valued at $6,512,000 after purchasing an additional 6,155 shares during the last quarter. Vanguard Group Inc. boosted its position in Builders FirstSource by 0.8% during the third quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock valued at $1,578,876,000 after purchasing an additional 96,638 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Builders FirstSource by 53.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 94,505 shares of the company’s stock valued at $15,777,000 after purchasing an additional 32,819 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Activity at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded up $2.40 during trading hours on Friday, hitting $187.66. 826,159 shares of the company’s stock were exchanged, compared to its average volume of 1,181,218. Builders FirstSource, Inc. has a 1-year low of $90.35 and a 1-year high of $214.70. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11. The stock has a market capitalization of $22.88 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.15 and a beta of 2.04. The company’s 50-day moving average price is $195.26 and its 200-day moving average price is $165.06.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.85. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.01 billion. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 13.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America raised Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Jefferies Financial Group boosted their price target on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Royal Bank of Canada boosted their price target on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. DA Davidson reaffirmed a “neutral” rating and issued a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Finally, Oppenheimer boosted their price target on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.06.

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.