Blueshift Asset Management LLC Buys 2,637 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Blueshift Asset Management LLC increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 53.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,570 shares of the company's stock after purchasing an additional 2,637 shares during the period. Blueshift Asset Management LLC's holdings in Builders FirstSource were worth $1,082,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter worth $2,099,877,000. FMR LLC raised its position in Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company's stock worth $1,969,259,000 after acquiring an additional 3,186,876 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Builders FirstSource by 256,479.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company's stock valued at $128,331,000 after purchasing an additional 661,718 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Builders FirstSource by 15,533.9% in the 4th 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. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock worth $277,776,000 after purchasing an additional 623,583 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BLDR shares. Stifel Nicolaus cut their price objective on Builders FirstSource from $175.00 to $156.00 and set a "buy" rating for the company in a research report on Monday, February 24th. The Goldman Sachs Group reduced 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. Benchmark dropped their price target on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Barclays reduced their price objective on shares of Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Finally, Royal Bank of Canada cut their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource has a consensus rating of "Moderate Buy" and a consensus target price of $190.72.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded up $5.23 during trading on Monday, reaching $131.69. The stock had a trading volume of 1,371,536 shares, compared to its average volume of 1,598,740. 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 stock has a fifty day simple moving average of $148.14 and a two-hundred day simple moving average of $165.68. The firm has a market capitalization of $14.96 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 52 week low of $122.49 and a 52 week high of $212.24.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. As a group, analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource Profile

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.