Paradiem LLC Has $5.17 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Paradiem LLC lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 30,986 shares of the company’s stock after selling 1,453 shares during the quarter. Paradiem LLC’s holdings in Builders FirstSource were worth $5,173,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in BLDR. DekaBank Deutsche Girozentrale grew its stake in Builders FirstSource by 18.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock worth $9,515,000 after purchasing an additional 9,122 shares during the period. FCF Advisors LLC lifted its stake in shares of Builders FirstSource by 81.9% in the fourth quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock valued at $3,512,000 after buying an additional 9,470 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of 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 buying an additional 6,155 shares during the last quarter. 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 acquiring an additional 96,638 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Builders FirstSource by 53.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 94,505 shares of the company’s stock worth $15,777,000 after acquiring an additional 32,819 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of research analyst reports. DA Davidson reiterated a “neutral” rating and issued a $185.00 target price on shares of Builders FirstSource in a research note on Thursday, March 28th. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Royal Bank of Canada upped their price target on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Wedbush upped their price objective on shares of Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. Finally, Truist Financial increased their price objective on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $190.06.

Insiders Place Their Bets

In other news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the sale, the director now owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.90% of the stock is currently owned by company insiders.

Builders FirstSource Stock Performance

BLDR traded up $2.40 during midday trading on Friday, reaching $187.66. The company had a trading volume of 826,159 shares, compared to its average volume of 1,181,218. The business has a 50-day moving average of $195.26 and a two-hundred day moving average of $165.35. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. Builders FirstSource, Inc. has a 1 year low of $90.35 and a 1 year high of $214.70. The company has a market cap of $22.88 billion, a P/E ratio of 15.65, a P/E/G ratio of 1.16 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.85. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 13.83 earnings per share for the current fiscal 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.