Wells Fargo & Company MN Has $38.67 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Wells Fargo & Company MN raised its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 22.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 270,550 shares of the company's stock after purchasing an additional 48,740 shares during the period. Wells Fargo & Company MN owned 0.24% of Builders FirstSource worth $38,670,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource during the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new stake in shares of Builders FirstSource during the fourth quarter worth $34,000. Avion Wealth lifted its holdings in shares of Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after buying an additional 306 shares in the last quarter. Mather Group LLC. boosted its position in shares of Builders FirstSource by 91.2% in the fourth quarter. Mather Group LLC. now owns 497 shares of the company's stock valued at $71,000 after acquiring an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after acquiring an additional 134 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Royal Bank of Canada cut their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Benchmark reduced their price target on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft initiated coverage on Builders FirstSource in a research note on Tuesday, April 1st. They set a "buy" rating and a $151.00 price objective on the stock. Wedbush reissued an "outperform" rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group decreased their price target on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $186.84.

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Builders FirstSource Price Performance

Shares of BLDR traded down $1.42 during trading hours on Wednesday, reaching $116.81. The stock had a trading volume of 462,892 shares, compared to its average volume of 1,709,155. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a 12 month low of $110.84 and a 12 month high of $203.14. The stock has a market capitalization of $13.29 billion, a PE ratio of 12.89, a PEG ratio of 0.80 and a beta of 1.99. The company's 50-day moving average is $132.95 and its two-hundred day moving average is $158.08.

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