Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Hodges Capital Management Inc.

Hodges Capital Management Inc. raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 31.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,485 shares of the company's stock after buying an additional 13,704 shares during the quarter. Hodges Capital Management Inc.'s holdings in Builders FirstSource were worth $8,217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDR. Brooklyn Investment Group acquired a new position in Builders FirstSource in the third quarter worth approximately $28,000. Armstrong Advisory Group Inc. bought a new stake in shares of Builders FirstSource in the third quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Builders FirstSource during the fourth quarter valued at about $33,000. Reston Wealth Management LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $39,000. Finally, Brown Brothers Harriman & Co. bought a new position in Builders FirstSource during the third quarter worth about $46,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on BLDR. UBS Group initiated coverage on Builders FirstSource in a report on Friday, October 25th. They issued a "buy" rating and a $232.00 target price on the stock. Wedbush reissued an "outperform" rating and issued a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Jefferies Financial Group boosted their price target on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Royal Bank of Canada upped their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Finally, Robert W. Baird upped their price target on Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $205.71.

Builders FirstSource Stock Down 1.6 %

Shares of BLDR stock traded down $2.54 during mid-day trading on Thursday, hitting $159.55. The company's stock had a trading volume of 1,401,375 shares, compared to its average volume of 1,567,057. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a market cap of $18.36 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.92 and a beta of 2.12. The business has a 50-day moving average price of $160.01 and a 200 day moving average price of $171.35. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the firm posted $4.24 EPS. The business's revenue for the quarter was down 6.7% on a year-over-year basis. Research analysts predict that Builders FirstSource, Inc. will post 11.52 EPS for the current fiscal 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.