Dynamic Technology Lab Private Ltd Buys 4,447 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Dynamic Technology Lab Private Ltd lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 66.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,119 shares of the company's stock after acquiring an additional 4,447 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Builders FirstSource were worth $1,589,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its position in Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares during the period. Mountain Lake Investment Management LLC boosted its holdings in shares of Builders FirstSource by 7.0% during the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock worth $5,201,000 after buying an additional 2,367 shares during the period. Fisher Asset Management LLC grew its stake in Builders FirstSource by 14.9% in the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock valued at $28,084,000 after buying an additional 25,535 shares during the last quarter. Fiera Capital Corp bought a new position in Builders FirstSource in the 4th quarter worth $27,089,000. Finally, Lecap Asset Management Ltd. lifted its position in Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock worth $3,151,000 after acquiring an additional 9,970 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

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Builders FirstSource Price Performance

Shares of NYSE:BLDR traded down $5.13 on Thursday, hitting $119.60. The stock had a trading volume of 781,665 shares, compared to its average volume of 1,676,547. The firm's 50 day moving average price is $136.34 and its 200-day moving average price is $160.09. 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 twelve month low of $110.84 and a twelve month high of $203.14. The company has a market capitalization of $13.59 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping 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 firm had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $3.90 billion. On average, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on BLDR. Raymond James reaffirmed an "outperform" rating and issued a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. BMO Capital Markets dropped their price target on Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a research report on Monday, February 24th. Benchmark reduced their price objective on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They set a "buy" rating and a $151.00 target price on the stock. Finally, The Goldman Sachs Group reduced their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Five equities research 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $187.89.

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.