Orion Portfolio Solutions LLC Raises Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Orion Portfolio Solutions LLC increased its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 89.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,317 shares of the company's stock after purchasing an additional 2,983 shares during the period. Orion Portfolio Solutions LLC's holdings in Builders FirstSource were worth $903,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of BLDR. Smartleaf Asset Management LLC grew its position in Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after acquiring an additional 134 shares during the last quarter. Mountain Lake Investment Management LLC grew its holdings in shares of Builders FirstSource by 7.0% during the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock worth $5,201,000 after purchasing an additional 2,367 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Builders FirstSource by 14.9% during the fourth quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock worth $28,084,000 after purchasing an additional 25,535 shares during the last quarter. Fiera Capital Corp bought a new stake in shares of Builders FirstSource during the fourth quarter worth about $27,089,000. Finally, Lecap Asset Management Ltd. grew its holdings in shares of Builders FirstSource by 82.6% during the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock worth $3,151,000 after purchasing an additional 9,970 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BLDR shares. BMO Capital Markets reduced their price target on Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a report on Monday, February 24th. StockNews.com cut Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Royal Bank of Canada cut their price objective on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Raymond James reaffirmed an "outperform" rating and issued a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Finally, Stifel Nicolaus cut their price objective on Builders FirstSource from $175.00 to $156.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of "Moderate Buy" and an average target price of $187.89.

Builders FirstSource Stock Performance

Shares of BLDR stock traded down $4.25 on Thursday, hitting $120.48. 176,990 shares of the stock were exchanged, compared to its average volume of 1,710,980. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $13.69 billion, a PE ratio of 13.30, a P/E/G ratio of 0.80 and a beta of 1.99. Builders FirstSource, Inc. has a one year low of $110.84 and a one year high of $203.14. The firm's 50 day moving average is $136.34 and its two-hundred day moving average is $160.09.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share 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 the consensus estimate of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal 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.