Voya Investment Management LLC Grows Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Voya Investment Management LLC raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 174.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,416,280 shares of the company's stock after acquiring an additional 899,841 shares during the period. Voya Investment Management LLC owned approximately 1.23% of Builders FirstSource worth $202,374,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource during the fourth quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of Builders FirstSource in the fourth quarter worth about $34,000. Avion Wealth grew its holdings in Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after acquiring an additional 306 shares during the period. Mather Group LLC. lifted its holdings in Builders FirstSource by 91.2% in the fourth quarter. Mather Group LLC. now owns 497 shares of the company's stock valued at $71,000 after acquiring an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after purchasing an additional 134 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank of Canada cut their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company 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. The Goldman Sachs Group decreased their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Loop Capital reduced their price target on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus cut Builders FirstSource from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $156.00 to $125.00 in a report on Tuesday. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $185.21.

Builders FirstSource Stock Down 1.8 %

Shares of NYSE BLDR traded down $2.19 during mid-day trading on Tuesday, reaching $119.31. The company had a trading volume of 393,871 shares, compared to its average volume of 1,679,225. 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, Inc. has a 52-week low of $110.84 and a 52-week high of $203.14. The firm has a 50 day simple moving average of $126.73 and a two-hundred day simple moving average of $153.04. The stock has a market cap of $13.57 billion, a P/E ratio of 13.12, a PEG ratio of 0.80 and a beta of 1.99.

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

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.