Mountain Lake Investment Management LLC Raises Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Mountain Lake Investment Management LLC raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,367 shares of the company's stock after buying an additional 2,367 shares during the period. Builders FirstSource accounts for about 6.0% of Mountain Lake Investment Management LLC's portfolio, making the stock its 8th largest holding. Mountain Lake Investment Management LLC's holdings in Builders FirstSource were worth $5,201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLDR. Cyndeo Wealth Partners LLC increased its stake in shares of Builders FirstSource by 3.7% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company's stock worth $305,000 after purchasing an additional 56 shares during the last quarter. World Equity Group Inc. increased its stake in shares of Builders FirstSource by 4.1% during the 3rd quarter. World Equity Group Inc. now owns 1,632 shares of the company's stock worth $316,000 after purchasing an additional 64 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Builders FirstSource by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company's stock worth $4,296,000 after purchasing an additional 64 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in shares of Builders FirstSource by 0.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company's stock worth $2,145,000 after purchasing an additional 65 shares during the last quarter. Finally, TFB Advisors LLC increased its stake in shares of Builders FirstSource by 2.1% during the 4th quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock worth $546,000 after purchasing an additional 79 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

BLDR stock traded down $0.20 during trading on Thursday, reaching $144.59. 2,758,425 shares of the company were exchanged, compared to its average volume of 1,600,786. The company has a 50-day moving average of $154.79 and a two-hundred day moving average of $170.61. The company has a market capitalization of $16.64 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 0.82 and a beta of 2.12. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. As a group, equities analysts predict that Builders FirstSource, Inc. will post 11.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. DA Davidson lifted their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Barclays reduced their target price on shares of Builders FirstSource from $211.00 to $188.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. StockNews.com downgraded shares of Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Oppenheimer reaffirmed an "outperform" rating and set a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Finally, Wedbush reaffirmed an "outperform" rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $205.71.

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.