Raymond James Financial Inc. Purchases New Position in Builders FirstSource, Inc. (NYSE:BLDR)

Raymond James Financial Inc. purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 241,660 shares of the company's stock, valued at approximately $34,540,000. Raymond James Financial Inc. owned 0.21% of Builders FirstSource as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Builders FirstSource in the 4th quarter valued at $199,890,000. FMR LLC increased its stake in Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after purchasing an additional 740,214 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of Builders FirstSource by 15,533.9% in the fourth 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 during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock worth $277,776,000 after buying an additional 623,583 shares during the period. Finally, Baillie Gifford & Co. grew its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Up 1.6 %

Shares of BLDR traded up $1.88 during mid-day trading on Tuesday, reaching $115.96. The company had a trading volume of 1,338,671 shares, compared to its average volume of 1,688,588. Builders FirstSource, Inc. has a fifty-two week low of $110.84 and a fifty-two week high of $203.14. The firm has a fifty day simple moving average of $129.10 and a 200-day simple moving average of $155.34. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 12.80, 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 earnings results 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. The firm had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BLDR shares. StockNews.com cut Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Raymond James restated an "outperform" rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Royal Bank of Canada lowered their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Barclays cut their price target on shares of Builders FirstSource from $165.00 to $151.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group dropped their target price on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $186.84.

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.