Opinicus Capital Inc. Purchases New Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Opinicus Capital Inc. purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,175 shares of the company’s stock, valued at approximately $363,000.

Other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its stake in shares of Builders FirstSource by 18.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock valued at $9,515,000 after buying an additional 9,122 shares during the period. FCF Advisors LLC boosted 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 during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Builders FirstSource by 13.3% in 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 period. Vanguard Group Inc. raised 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC raised 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 in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Up 1.3 %

NYSE BLDR traded up $2.40 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 firm has a market cap of $22.88 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 1.15 and a beta of 2.04. Builders FirstSource, Inc. has a fifty-two week low of $90.35 and a fifty-two week high of $214.70. The business has a 50 day moving average of $195.26 and a two-hundred day moving average of $165.06. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11.

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, beating analysts’ consensus estimates of $2.70 by $0.85. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate 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.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BLDR. Bank of America upgraded shares of Builders FirstSource from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Truist Financial boosted their price objective on shares of Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a research report on Friday, February 23rd. Oppenheimer boosted their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Finally, Barclays boosted their price objective on shares of Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $190.06.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $5,747,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Builders FirstSource 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.