Lecap Asset Management Ltd. Grows Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Lecap Asset Management Ltd. grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 82.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,043 shares of the company's stock after acquiring an additional 9,970 shares during the quarter. Builders FirstSource comprises 0.9% of Lecap Asset Management Ltd.'s investment portfolio, making the stock its 20th biggest holding. Lecap Asset Management Ltd.'s holdings in Builders FirstSource were worth $3,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BLDR. Mountaineer Partners Management LLC acquired a new stake in shares of Builders FirstSource in the third quarter valued at approximately $2,099,877,000. FMR LLC boosted its stake in Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company's stock worth $1,969,259,000 after purchasing an additional 3,186,876 shares during the period. Baillie Gifford & Co. acquired a new position in Builders FirstSource in the third quarter valued at $267,132,000. Diamond Hill Capital Management Inc. purchased a new stake in shares of Builders FirstSource in the third quarter valued at about $255,867,000. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Builders FirstSource by 256,479.8% during the third quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company's stock worth $128,331,000 after buying an additional 661,718 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Royal Bank of Canada boosted their price target on Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Raymond James assumed coverage on Builders FirstSource in a research note on Friday, January 17th. They set an "outperform" rating and a $180.00 price target for the company. DA Davidson lifted their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. UBS Group started coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They set a "buy" rating and a $232.00 price objective for the company. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $175.00 price target on shares of Builders FirstSource in a research note on Wednesday, January 8th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $205.71.

Builders FirstSource Price Performance

BLDR stock traded up $0.58 on Tuesday, reaching $156.30. The company had a trading volume of 353,818 shares, compared to its average volume of 1,511,812. The company's fifty day moving average is $158.78 and its 200 day moving average is $171.45. The company has a market cap of $17.99 billion, a P/E ratio of 15.26, a PEG 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. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70.

Builders FirstSource Company 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.