Evercore Wealth Management LLC Raises Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Evercore Wealth Management LLC boosted its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 845,326 shares of the company's stock after purchasing an additional 8,341 shares during the quarter. Builders FirstSource comprises 1.8% of Evercore Wealth Management LLC's investment portfolio, making the stock its 20th biggest position. Evercore Wealth Management LLC owned about 0.73% of Builders FirstSource worth $120,822,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. boosted its stake in Builders FirstSource by 22.4% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 107,500 shares of the company's stock valued at $15,365,000 after buying an additional 19,700 shares during the period. Brasada Capital Management LP raised its holdings in shares of Builders FirstSource by 7.0% in the 4th quarter. Brasada Capital Management LP now owns 23,588 shares of the company's stock valued at $3,455,000 after acquiring an additional 1,542 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Builders FirstSource by 20.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 121,465 shares of the company's stock valued at $17,361,000 after acquiring an additional 20,242 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in shares of Builders FirstSource by 305.0% during the fourth quarter. Pinebridge Investments L.P. now owns 15,864 shares of the company's stock worth $2,267,000 after purchasing an additional 11,947 shares in the last quarter. Finally, Quantessence Capital LLC bought a new position in shares of Builders FirstSource in the fourth quarter worth approximately $207,000. 95.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Barclays cut their target price on shares of Builders FirstSource from $165.00 to $151.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Truist Financial lowered their price target on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. BMO Capital Markets cut their price objective on Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a report on Monday, February 24th. Finally, StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $186.84.

Builders FirstSource Stock Up 1.6 %

Shares of NYSE:BLDR opened at $115.96 on Wednesday. The stock's 50-day moving average is $129.10 and its 200 day moving average is $155.34. The company has a market cap of $13.19 billion, a PE ratio of 12.80, a P/E/G ratio of 0.80 and a beta of 1.99. 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 1 year low of $110.84 and a 1 year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its 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 return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $3.90 billion. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource 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.

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.