Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Invesco Ltd.

Invesco Ltd. grew its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,253,588 shares of the company's stock after buying an additional 26,314 shares during the quarter. Invesco Ltd. owned 1.96% of Builders FirstSource worth $322,105,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Builders FirstSource during the fourth quarter worth about $199,890,000. FMR LLC raised its position in shares of Builders FirstSource by 7.3% during the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock worth $1,557,703,000 after purchasing an additional 740,214 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in 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 buying an additional 645,746 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Builders FirstSource by 47.2% during 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 buying an additional 623,583 shares during the last quarter. Finally, Baillie Gifford & Co. increased its position in Builders FirstSource by 20.7% during the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock worth $237,753,000 after buying an additional 285,458 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

BLDR has been the topic of several analyst reports. Wedbush reaffirmed an "outperform" rating and set a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. Benchmark decreased their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. 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 report on Monday, February 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Builders FirstSource in a report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price objective on the stock. Finally, StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and an average target price of $186.84.

Builders FirstSource Stock Up 0.1 %

Shares of BLDR stock traded up $0.17 on Tuesday, hitting $119.67. The stock had a trading volume of 300,986 shares, compared to its average volume of 1,677,150. Builders FirstSource, Inc. has a 52-week low of $110.84 and a 52-week high of $203.14. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 13.21, 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 quick ratio of 1.16 and a current ratio of 1.77. The stock's 50 day moving average is $133.77 and its 200-day moving average is $158.35.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.90 billion. As a group, research analysts expect 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.