NEOS Investment Management LLC Has $816,000 Stake in Builders FirstSource, Inc. (NYSE:BLDR)

NEOS Investment Management LLC raised its position in Builders FirstSource, Inc. (NYSE:BLDR) by 27.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,709 shares of the company’s stock after acquiring an additional 1,241 shares during the quarter. NEOS Investment Management LLC’s holdings in Builders FirstSource were worth $816,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BLDR. Brooklyn Investment Group bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource during the fourth quarter worth approximately $33,000. SBI Securities Co. Ltd. bought a new stake in Builders FirstSource in the fourth quarter valued at approximately $34,000. Avion Wealth lifted its position in shares of 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 last quarter. Finally, Mather Group LLC. boosted its stake in shares of Builders FirstSource by 91.2% during the 4th quarter. Mather Group LLC. now owns 497 shares of the company’s stock worth $71,000 after acquiring an additional 237 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 2.7 %

BLDR stock opened at $124.53 on Monday. The company has a market cap of $14.15 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 52 week low of $122.49 and a 52 week high of $210.00. The business has a 50-day simple moving average of $145.58 and a 200 day simple moving average of $164.53.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of research analyst reports. Loop Capital dropped their price target on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Barclays cut their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Truist Financial decreased their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Benchmark cut their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, 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 research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus target price of $190.72.

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.