Lisanti Capital Growth LLC Invests $911,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Lisanti Capital Growth LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,455 shares of the company’s stock, valued at approximately $911,000.

Other large investors also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its holdings 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 worth $9,515,000 after buying an additional 9,122 shares during the period. FCF Advisors LLC increased its stake in Builders FirstSource by 81.9% in the 4th quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock worth $3,512,000 after purchasing an additional 9,470 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in 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 purchasing an additional 6,155 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Builders FirstSource by 0.8% in the third quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock worth $1,578,876,000 after purchasing an additional 96,638 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 18.9 %

Shares of NYSE:BLDR traded down $38.03 on Tuesday, hitting $162.85. 8,057,975 shares of the company traded hands, compared to its average volume of 1,324,154. The stock has a 50 day simple moving average of $195.69 and a 200-day simple moving average of $168.78. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The company has a market cap of $19.86 billion, a PE ratio of 13.58, a PEG ratio of 1.22 and a beta of 2.08. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last released 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 analyst estimates of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. As a group, research analysts expect that Builders FirstSource, Inc. will post 13.83 earnings per share for the current year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BLDR. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. DA Davidson restated a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a report on Thursday, March 28th. 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. Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $153.00 to $200.00 in a research report on Monday, January 29th. Finally, Jefferies Financial Group raised their price target on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $199.79.

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.