Mutual of America Capital Management LLC Grows Position in Builders FirstSource, Inc. (NYSE:BLDR)

Mutual of America Capital Management LLC raised its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 46,779 shares of the company’s stock after acquiring an additional 2,003 shares during the period. Mutual of America Capital Management LLC’s holdings in Builders FirstSource were worth $6,686,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Mountain Lake Investment Management LLC increased its position in Builders FirstSource by 7.0% during the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock valued at $5,201,000 after acquiring an additional 2,367 shares during the last quarter. Fiera Capital Corp bought a new stake in shares of Builders FirstSource during the 4th quarter valued at about $27,089,000. Lecap Asset Management Ltd. increased its position in shares of Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock valued at $3,151,000 after purchasing an additional 9,970 shares during the last quarter. Miracle Mile Advisors LLC bought a new position in shares of Builders FirstSource in the 4th quarter worth approximately $405,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Builders FirstSource by 8.0% in the third quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after buying an additional 58,436 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE:BLDR opened at $134.84 on Tuesday. The business’s 50-day moving average is $152.82 and its 200 day moving average is $170.17. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The company has a market capitalization of $15.32 billion, a P/E ratio of 14.88, a P/E/G ratio of 0.80 and a beta of 2.12. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BLDR has been the subject of a number of research reports. Raymond James reaffirmed an “outperform” rating and set a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Truist Financial lowered their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. The Goldman Sachs Group decreased their price objective on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Stifel Nicolaus lowered their price objective on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $190.72.

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.