Bessemer Group Inc. Raises Position in Builders FirstSource, Inc. (NYSE:BLDR)

Bessemer Group Inc. boosted its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 398,227 shares of the company's stock after purchasing an additional 17,434 shares during the quarter. Bessemer Group Inc. owned approximately 0.35% of Builders FirstSource worth $56,918,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Builders FirstSource during the fourth quarter valued at approximately $199,890,000. FMR LLC increased its holdings in shares of Builders FirstSource by 7.3% in the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock worth $1,557,703,000 after purchasing an additional 740,214 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Builders FirstSource by 15,533.9% in the fourth quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock worth $92,891,000 after purchasing an additional 645,746 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after purchasing an additional 623,583 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its position in shares of Builders FirstSource by 20.7% during the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock valued at $237,753,000 after buying an additional 285,458 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Remove Ads

Builders FirstSource Price Performance

NYSE BLDR traded down $1.34 during trading hours on Monday, reaching $119.56. The company's stock had a trading volume of 1,715,499 shares, compared to its average volume of 1,682,310. Builders FirstSource, Inc. has a 1 year low of $110.84 and a 1 year high of $203.14. 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 $13.60 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.80 and a beta of 1.99. The firm's 50-day moving average price is $134.62 and its 200-day moving average price is $158.87.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BLDR. BMO Capital Markets dropped their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a report on Monday, February 24th. Raymond James reaffirmed an "outperform" rating and issued a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Loop Capital decreased their target price on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Monday. StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, Wedbush reissued an "outperform" rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of "Moderate Buy" and a consensus target price of $186.84.

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.