Mirae Asset Global Investments Co. Ltd. Has $1.57 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 30.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,852 shares of the company's stock after purchasing an additional 2,539 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Builders FirstSource were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $28,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $33,000. Reston Wealth Management LLC acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $39,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $46,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on BLDR. Stephens increased their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. DA Davidson increased their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Oppenheimer reissued an "outperform" rating and set a $225.00 target price on shares of Builders FirstSource in a research note on Tuesday, October 29th. Stifel Nicolaus reissued a "buy" rating and set a $175.00 target price on shares of Builders FirstSource in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada increased their target price on Builders FirstSource from $178.00 to $187.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Builders FirstSource currently has an average rating of "Moderate Buy" and a consensus target price of $205.71.

Builders FirstSource Stock Up 0.9 %

Shares of BLDR traded up $1.40 during mid-day trading on Friday, hitting $153.90. 1,468,590 shares of the company's stock were exchanged, compared to its average volume of 1,521,250. The company has a market cap of $17.71 billion, a PE ratio of 15.03, a P/E/G ratio of 0.89 and a beta of 2.12. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The company has a 50-day simple moving average of $156.79 and a 200 day simple moving average of $171.00. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16.

About Builders FirstSource

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.