Canada Pension Plan Investment Board Purchases 7,855 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Canada Pension Plan Investment Board increased its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 101,393 shares of the company's stock after acquiring an additional 7,855 shares during the quarter. Canada Pension Plan Investment Board owned about 0.09% of Builders FirstSource worth $14,492,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BLDR. E Fund Management Hong Kong Co. Ltd. bought a new position in Builders FirstSource in the 4th quarter worth about $33,000. SBI Securities Co. Ltd. bought a new position in shares of Builders FirstSource in the fourth quarter valued at approximately $34,000. Avion Wealth grew its stake in Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after acquiring an additional 306 shares in the last quarter. Mather Group LLC. increased its holdings in Builders FirstSource by 91.2% during the 4th quarter. Mather Group LLC. now owns 497 shares of the company's stock worth $71,000 after acquiring an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Up 0.4 %

Shares of BLDR stock traded up $0.49 during trading hours on Friday, reaching $121.40. The company's stock had a trading volume of 819,367 shares, compared to its average volume of 1,680,974. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a one year low of $110.84 and a one year high of $203.14. The stock has a market capitalization of $13.81 billion, a P/E ratio of 13.40, a P/E/G ratio of 0.80 and a beta of 1.99. The firm's fifty day simple moving average is $127.71 and its 200 day simple moving average is $154.58.

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 for the quarter, beating the consensus estimate 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 analysts' expectations of $3.90 billion. Equities research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group lowered their price objective 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. Raymond James reiterated an "outperform" rating and set a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Royal Bank of Canada decreased their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a research report on Friday, February 21st. Benchmark dropped their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, BMO Capital Markets decreased their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a report on Monday, February 24th. Five investment 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 company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $186.84.

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.