Bridges Investment Management Inc. Boosts Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Bridges Investment Management Inc. lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 50.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,921 shares of the company's stock after purchasing an additional 1,977 shares during the period. Bridges Investment Management Inc.'s holdings in Builders FirstSource were worth $846,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BLDR. Brooklyn Investment Group bought a new stake in Builders FirstSource during the 3rd quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Builders FirstSource during the fourth quarter valued at $33,000. Brown Brothers Harriman & Co. bought a new stake in shares of Builders FirstSource in the third quarter valued at about $46,000. Avion Wealth lifted its stake in Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after acquiring an additional 306 shares during the period. Finally, Peterson Financial Group Inc. purchased a new stake in Builders FirstSource in the third quarter worth about $71,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BMO Capital Markets reduced their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a report on Monday, February 24th. Stifel Nicolaus reduced their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a "buy" rating for the company in a research note on Monday, February 24th. The Goldman Sachs Group lowered their target price on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Royal Bank of Canada cut their price target on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Finally, Stephens upped their price objective on Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of "Moderate Buy" and an average target price of $190.72.

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded up $3.53 during mid-day trading on Wednesday, hitting $133.92. The stock had a trading volume of 1,760,242 shares, compared to its average volume of 1,574,388. The firm has a market cap of $15.22 billion, a PE ratio of 14.78, a PEG ratio of 0.80 and a beta of 2.12. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The company has a 50 day moving average of $152.17 and a two-hundred day moving average of $169.74. Builders FirstSource, Inc. has a twelve month low of $127.45 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS 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.