Tectonic Advisors LLC Has $1.16 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Tectonic Advisors LLC boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 24.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,106 shares of the company's stock after buying an additional 1,605 shares during the period. Tectonic Advisors LLC's holdings in Builders FirstSource were worth $1,159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BLDR. Brooklyn Investment Group acquired a new stake in shares of Builders FirstSource during the third quarter worth $28,000. Armstrong Advisory Group Inc. acquired a new stake in Builders FirstSource during the 3rd quarter worth about $30,000. Reston Wealth Management LLC purchased a new stake in Builders FirstSource during the third quarter valued at about $39,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Builders FirstSource in the fourth quarter worth about $33,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Builders FirstSource in the third quarter worth about $46,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Down 3.7 %

Builders FirstSource stock traded down $5.90 during mid-day trading on Friday, hitting $153.97. 1,787,453 shares of the company's stock were exchanged, compared to its average volume of 1,605,473. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The stock has a 50 day moving average of $159.36 and a two-hundred day moving average of $171.30. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The stock has a market cap of $17.72 billion, a P/E ratio of 15.04, a P/E/G ratio of 0.89 and a beta of 2.12.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BLDR shares. Raymond James started coverage on shares of Builders FirstSource in a research report on Friday, January 17th. They issued an "outperform" rating and a $180.00 price target for the company. DA Davidson increased their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their price target on Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Barclays reduced their price objective on Builders FirstSource from $211.00 to $188.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $225.00 target price on shares of Builders FirstSource in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.71.

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.