Russell Investments Group Ltd. Buys 59,991 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Russell Investments Group Ltd. raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 32.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 246,416 shares of the company's stock after buying an additional 59,991 shares during the quarter. Russell Investments Group Ltd. owned about 0.21% of Builders FirstSource worth $35,226,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BLDR. HighTower Advisors LLC raised its stake in Builders FirstSource by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company's stock valued at $4,296,000 after purchasing an additional 64 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Builders FirstSource by 3.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock valued at $278,000 after buying an additional 64 shares during the last quarter. Integrated Investment Consultants LLC lifted its stake in shares of Builders FirstSource by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company's stock valued at $2,145,000 after buying an additional 65 shares during the period. TFB Advisors LLC grew its position in Builders FirstSource by 2.1% during the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock worth $546,000 after buying an additional 79 shares in the last quarter. Finally, HighPoint Advisor Group LLC grew its position in Builders FirstSource by 5.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock worth $262,000 after buying an additional 83 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

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Builders FirstSource Trading Up 0.6 %

BLDR stock traded up $0.67 during midday trading on Friday, reaching $120.61. The company's stock had a trading volume of 1,494,708 shares, compared to its average volume of 1,682,178. The business's 50-day simple moving average is $134.62 and its 200-day simple moving average is $158.87. The stock has a market cap of $13.72 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. Builders FirstSource, Inc. has a 52 week low of $110.84 and a 52 week high of $203.14. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its 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 for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on BLDR shares. Raymond James reissued an "outperform" rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Benchmark dropped their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Royal Bank of Canada decreased their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a research report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price target for the company. Five equities research 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $187.89.

Builders FirstSource 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.