Massachusetts Financial Services Co. MA lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,578,655 shares of the company's stock after acquiring an additional 120,400 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.37% of Builders FirstSource worth $225,637,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in BLDR. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Builders FirstSource during the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new stake in Builders FirstSource in the 4th quarter valued at $34,000. Avion Wealth lifted its position in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after buying an additional 306 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Builders FirstSource by 91.2% during the 4th quarter. Mather Group LLC. now owns 497 shares of the company's stock worth $71,000 after buying an additional 237 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after acquiring an additional 134 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.
Builders FirstSource Stock Performance
NYSE BLDR traded up $10.94 during trading on Wednesday, reaching $124.77. The company's stock had a trading volume of 2,686,668 shares, compared to its average volume of 1,679,912. The firm has a 50 day moving average price of $136.34 and a 200 day moving average price of $160.09. Builders FirstSource, Inc. has a 12 month low of $110.84 and a 12 month high of $203.14. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.
Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts recently commented on BLDR shares. Royal Bank of Canada reduced their price target on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. Raymond James reissued an "outperform" rating and issued a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. The Goldman Sachs Group dropped their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Barclays decreased their price objective on shares of Builders FirstSource from $165.00 to $151.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Stifel Nicolaus dropped their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Five equities research 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 company. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of "Moderate Buy" and a consensus price target of $187.89.
Read Our Latest Stock Report on Builders FirstSource
Builders FirstSource Profile
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Free Report)
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.
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