Gabelli Funds LLC Purchases 6,000 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Gabelli Funds LLC raised its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 75.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,000 shares of the company's stock after acquiring an additional 6,000 shares during the period. Gabelli Funds LLC's holdings in Builders FirstSource were worth $2,001,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Builders FirstSource by 3.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock valued at $278,000 after acquiring an additional 64 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in Builders FirstSource by 0.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company's stock worth $2,145,000 after acquiring an additional 65 shares during the last quarter. TFB Advisors LLC raised its holdings in shares of Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock valued at $546,000 after purchasing an additional 79 shares during the last quarter. HighPoint Advisor Group LLC raised its holdings in shares of Builders FirstSource by 5.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock valued at $262,000 after purchasing an additional 83 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Builders FirstSource by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,835 shares of the company's stock valued at $548,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

BLDR has been the subject of several research reports. Stifel Nicolaus cut their price objective 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. Loop Capital reduced their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada reduced their price objective on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group decreased their target price on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, StockNews.com downgraded Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Five investment 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 stock. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.84.

Builders FirstSource Price Performance

Shares of NYSE BLDR traded up $2.39 during midday trading on Thursday, hitting $119.65. The company had a trading volume of 242,976 shares, compared to its average volume of 1,679,930. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a twelve month low of $110.84 and a twelve month high of $203.14. The business has a 50-day simple moving average of $128.37 and a two-hundred day simple moving average of $155.07. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share 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.