Schroder Investment Management Group Increases Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Schroder Investment Management Group boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 125.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,921 shares of the company's stock after acquiring an additional 7,756 shares during the period. Schroder Investment Management Group's holdings in Builders FirstSource were worth $1,996,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLDR. Diamond Hill Capital Management Inc. grew its position 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 acquiring an additional 623,583 shares during the last quarter. Baillie Gifford & Co. boosted its stake in Builders FirstSource by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock worth $237,753,000 after purchasing an additional 285,458 shares during the period. Norges Bank purchased a new position in Builders FirstSource during the 4th quarter worth $199,890,000. Robeco Institutional Asset Management B.V. increased its stake in Builders FirstSource by 7.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 976,125 shares of the company's stock valued at $139,518,000 after purchasing an additional 71,525 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Builders FirstSource by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 833,498 shares of the company's stock valued at $119,132,000 after buying an additional 47,656 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

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Builders FirstSource Price Performance

Builders FirstSource stock traded up $0.67 during mid-day trading on Friday, reaching $120.61. The company had a trading volume of 1,494,708 shares, compared to its average volume of 1,679,724. The stock's 50-day simple moving average is $134.62 and its 200-day simple moving average is $159.09. Builders FirstSource, Inc. has a 1 year low of $110.84 and a 1 year high of $203.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The company has a market capitalization of $13.72 billion, a P/E ratio of 13.31, a P/E/G ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.13. The firm 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%. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BLDR shares. Benchmark lowered their price target on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Loop Capital lowered their target price on Builders FirstSource from $205.00 to $190.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Royal Bank of Canada cut their price target on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft started coverage on Builders FirstSource in a report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target for the company. Finally, BMO Capital Markets dropped their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a research note on Monday, February 24th. Five investment 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, the company currently has an average rating of "Moderate Buy" and an average target price of $187.89.

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.