Builders FirstSource, Inc. (NYSE:BLDR) Stock Holdings Lessened by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 24.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 940,231 shares of the company's stock after selling 299,378 shares during the period. Alliancebernstein L.P. owned 0.82% of Builders FirstSource worth $134,387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. D.A. Davidson & CO. acquired a new position in Builders FirstSource in the third quarter valued at approximately $278,000. Townsquare Capital LLC boosted its position in Builders FirstSource by 11.9% during the 3rd quarter. Townsquare Capital LLC now owns 3,701 shares of the company's stock valued at $718,000 after purchasing an additional 394 shares during the period. Captrust Financial Advisors grew its stake in Builders FirstSource by 23.7% during the 3rd quarter. Captrust Financial Advisors now owns 28,682 shares of the company's stock worth $5,560,000 after buying an additional 5,489 shares during the last quarter. Edgestream Partners L.P. bought a new position in Builders FirstSource during the 3rd quarter worth $1,140,000. Finally, Bamco Inc. NY bought a new stake in Builders FirstSource in the third quarter valued at $36,338,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on BLDR. BMO Capital Markets lowered their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a research report on Monday, February 24th. StockNews.com cut Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Royal Bank of Canada decreased their price objective on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Barclays cut their target price on Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Builders FirstSource in a report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target on the stock. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource currently has an average rating of "Moderate Buy" and a consensus target price of $188.63.

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Builders FirstSource Trading Up 3.2 %

NYSE BLDR traded up $3.87 on Friday, hitting $123.69. 2,899,103 shares of the company were exchanged, compared to its average volume of 1,663,620. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a twelve month low of $114.70 and a twelve month high of $206.02. The firm has a market capitalization of $14.05 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. The company's 50 day moving average price is $141.46 and its 200-day moving average price is $162.57.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results 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 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal 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.