Magnetar Financial LLC Invests $5.64 Million in Builders FirstSource, Inc. (NYSE:BLDR)

Magnetar Financial LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 39,485 shares of the company's stock, valued at approximately $5,644,000.

Other hedge funds have also modified their holdings of the company. Brooklyn Investment Group acquired a new position in Builders FirstSource during the 3rd quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Builders FirstSource in the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. acquired a new position in shares of Builders FirstSource during the fourth quarter worth about $34,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Builders FirstSource during the third quarter worth approximately $46,000. Finally, Avion Wealth raised its holdings 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 acquiring an additional 306 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Stifel Nicolaus decreased their target price on Builders FirstSource from $175.00 to $156.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Benchmark lowered their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. StockNews.com downgraded shares of Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Wedbush reissued an "outperform" rating and issued a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada dropped their price objective on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a 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 given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $190.72.

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Builders FirstSource Price Performance

Builders FirstSource stock traded up $5.23 during midday trading on Monday, hitting $131.69. The company's stock had a trading volume of 1,371,536 shares, compared to its average volume of 1,598,740. Builders FirstSource, Inc. has a 12 month low of $122.49 and a 12 month high of $212.24. 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 company has a market capitalization of $14.96 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The stock's 50-day moving average price is $148.14 and its 200-day moving average price is $165.68.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping 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 business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share 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.