Tocqueville Asset Management L.P. Acquires 36,359 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Tocqueville Asset Management L.P. increased its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 42.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,930 shares of the company's stock after buying an additional 36,359 shares during the period. Tocqueville Asset Management L.P. owned 0.11% of Builders FirstSource worth $17,570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in BLDR. Brooklyn Investment Group acquired a new stake in Builders FirstSource during the third quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Builders FirstSource during the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new stake in shares of Builders FirstSource during the 4th quarter worth approximately $34,000. Brown Brothers Harriman & Co. bought a new position in Builders FirstSource in the third quarter valued at approximately $46,000. Finally, Avion Wealth raised its position in Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after purchasing an additional 306 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Down 1.8 %

Shares of Builders FirstSource stock traded down $2.34 during midday trading on Friday, reaching $126.42. The company had a trading volume of 4,153,240 shares, compared to its average volume of 1,743,117. The firm has a market cap of $14.36 billion, a PE ratio of 13.95, a P/E/G ratio of 0.80 and a beta of 2.19. The stock has a fifty day moving average price of $148.71 and a 200 day moving average price of $166.30. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a fifty-two week low of $122.49 and a fifty-two week high of $212.24.

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Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Ratings Changes

BLDR has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their target price on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Benchmark decreased their target price on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Barclays lowered their target price on Builders FirstSource from $188.00 to $165.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. StockNews.com lowered shares of Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, Stifel Nicolaus dropped their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and a consensus price target of $190.72.

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.