abrdn plc Buys 7,809 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

abrdn plc grew its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,012 shares of the company's stock after acquiring an additional 7,809 shares during the quarter. abrdn plc's holdings in Builders FirstSource were worth $6,578,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Builders FirstSource in the 3rd quarter worth approximately $28,000. Armstrong Advisory Group Inc. acquired a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Builders FirstSource in the 4th quarter worth approximately $33,000. Reston Wealth Management LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $39,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $46,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Down 3.4 %

BLDR traded down $5.28 during mid-day trading on Wednesday, reaching $150.88. The stock had a trading volume of 1,573,737 shares, compared to its average volume of 1,527,716. The stock has a market capitalization of $17.36 billion, a P/E ratio of 14.73, a P/E/G ratio of 0.89 and a beta of 2.12. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The firm's fifty day simple moving average is $157.69 and its two-hundred day simple moving average is $171.23. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BLDR shares. Royal Bank of Canada increased their target price on Builders FirstSource from $178.00 to $187.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Oppenheimer reissued an "outperform" rating and issued a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. StockNews.com cut Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Wedbush reissued an "outperform" rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Finally, Stephens raised their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $205.71.

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.