Baillie Gifford & Co. Purchases 285,458 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Baillie Gifford & Co. increased its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 20.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,663,420 shares of the company's stock after buying an additional 285,458 shares during the period. Baillie Gifford & Co. owned about 1.45% of Builders FirstSource worth $237,753,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brooklyn Investment Group acquired a new position in Builders FirstSource during the 3rd quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource during the 4th quarter valued at about $33,000. Reston Wealth Management LLC acquired a new position in Builders FirstSource during the 3rd quarter valued at about $39,000. Brown Brothers Harriman & Co. acquired a new position in Builders FirstSource during the 3rd quarter valued at about $46,000. Finally, Avion Wealth boosted its stake in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after purchasing an additional 306 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays dropped their price target on shares of Builders FirstSource from $211.00 to $188.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. UBS Group began coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They issued a "buy" rating and a $232.00 target price on the stock. Stephens lifted their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Wedbush reaffirmed an "outperform" rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.71.

Builders FirstSource Stock Performance

NYSE:BLDR traded down $0.20 during trading hours on Thursday, hitting $144.59. 2,758,425 shares of the company traded hands, compared to its average volume of 1,600,786. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70. The stock 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. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average of $154.79 and a 200 day moving average of $170.61.

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, beating analysts' consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. On average, analysts forecast that Builders FirstSource, Inc. will post 11.5 EPS for the current 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.