Builders FirstSource, Inc. (NYSE:BLDR) Stake Lifted by First Trust Advisors LP

First Trust Advisors LP increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 193,483 shares of the company's stock after buying an additional 15,342 shares during the period. First Trust Advisors LP owned about 0.17% of Builders FirstSource worth $27,654,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $199,890,000. FMR LLC increased its position in shares of Builders FirstSource by 7.3% in the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after purchasing an additional 740,214 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of Builders FirstSource by 15,533.9% in the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock valued at $92,891,000 after purchasing an additional 645,746 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after purchasing an additional 623,583 shares during the last quarter. Finally, Baillie Gifford & Co. increased its position in shares of Builders FirstSource by 20.7% in the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock valued at $237,753,000 after purchasing an additional 285,458 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLDR has been the subject of several research analyst reports. Loop Capital lowered their target price on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank of Canada lowered their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, February 21st. The Goldman Sachs Group lowered their target price 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. BMO Capital Markets lowered their target price on shares of 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, Barclays lowered their target price on shares of Builders FirstSource from $165.00 to $151.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $185.21.

Builders FirstSource Stock Down 1.2 %

Shares of BLDR stock traded down $1.48 during trading hours on Tuesday, hitting $120.02. 969,129 shares of the company were exchanged, compared to its average volume of 1,681,403. 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 one year low of $110.84 and a one year high of $203.14. The business's 50-day simple moving average is $126.73 and its two-hundred day simple moving average is $153.04. The stock has a market capitalization of $13.65 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.13. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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.