Washburn Capital Management Inc. Invests $266,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Washburn Capital Management Inc. purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,860 shares of the company's stock, valued at approximately $266,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Miracle Mile Advisors LLC acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at about $405,000. Lecap Asset Management Ltd. boosted its holdings in Builders FirstSource by 82.6% during the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock worth $3,151,000 after purchasing an additional 9,970 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Builders FirstSource by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company's stock worth $153,766,000 after buying an additional 58,436 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Builders FirstSource in the 4th quarter valued at about $1,136,000. Finally, Forsta AP Fonden increased its position in shares of Builders FirstSource by 12.1% in the third quarter. Forsta AP Fonden now owns 26,800 shares of the company's stock valued at $5,195,000 after acquiring an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on BLDR. Raymond James began coverage on Builders FirstSource in a research report on Friday, January 17th. They set an "outperform" rating and a $180.00 price target on the stock. Robert W. Baird upped their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. DA Davidson lifted their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, Stephens lifted their price target on Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource has a consensus rating of "Moderate Buy" and an average price target of $205.71.

Builders FirstSource Trading Down 3.4 %

Builders FirstSource stock traded down $5.28 during trading hours on Wednesday, hitting $150.88. The stock had a trading volume of 1,573,737 shares, compared to its average volume of 1,527,716. The business's 50 day simple moving average is $157.69 and its 200-day simple moving average is $171.23. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The stock has a market cap of $17.36 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 0.89 and a beta of 2.12.

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.