Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 196,491 shares of the company's stock after buying an additional 25,535 shares during the quarter. Fisher Asset Management LLC owned approximately 0.17% of Builders FirstSource worth $28,084,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in Builders FirstSource in the third quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Builders FirstSource in the fourth quarter valued at approximately $33,000. Brown Brothers Harriman & Co. purchased a new stake in Builders FirstSource in the third quarter valued at approximately $46,000. Avion Wealth raised its stake in Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after purchasing an additional 306 shares in the last quarter. Finally, Peterson Financial Group Inc. bought a new position in Builders FirstSource during the third quarter valued at approximately $71,000. Institutional investors own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BLDR. Benchmark lowered their price target 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. Wedbush reissued an "outperform" rating and issued a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Stephens boosted their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus cut their price target on Builders FirstSource from $175.00 to $156.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $190.72.

Builders FirstSource Stock Down 0.8 %

NYSE:BLDR traded down $1.06 during mid-day trading on Thursday, reaching $132.64. The company's stock had a trading volume of 936,474 shares, compared to its average volume of 1,571,838. Builders FirstSource, Inc. has a 1 year low of $127.45 and a 1 year high of $214.70. The firm has a market capitalization of $15.07 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The stock has a fifty day moving average of $151.87 and a 200-day moving average of $169.49.

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 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 analysts' expectations of $3.90 billion. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current 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.