Diamond Hill Capital Management Inc. Has $277.78 Million Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Diamond Hill Capital Management Inc. raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 47.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,943,439 shares of the company’s stock after acquiring an additional 623,583 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Builders FirstSource were worth $277,776,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group bought a new stake in Builders FirstSource during the third quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Builders FirstSource during the fourth quarter worth about $33,000. SBI Securities Co. Ltd. bought a new position in Builders FirstSource during the fourth quarter worth about $34,000. Brown Brothers Harriman & Co. acquired a new position in Builders FirstSource during the third quarter worth approximately $46,000. Finally, Avion Wealth raised its stake in Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after buying an additional 306 shares during the period. Institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Royal Bank of Canada decreased their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Truist Financial cut their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Loop Capital decreased their price target on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Raymond James reiterated an “outperform” rating and set a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Five equities research 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’s stock. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Trading Down 5.3 %

Shares of BLDR stock opened at $122.56 on Friday. Builders FirstSource, Inc. has a twelve month low of $122.49 and a twelve month high of $214.70. The stock’s fifty day simple moving average is $150.72 and its 200 day simple moving average is $168.22. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $13.93 billion, a P/E ratio of 13.53, a P/E/G 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, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS 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.