Financial Perspectives Inc Acquires New Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Financial Perspectives Inc acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 535 shares of the company’s stock, valued at approximately $76,000.

Several other hedge funds have also recently bought and sold shares of BLDR. Mountaineer Partners Management LLC bought a new stake in Builders FirstSource in the 3rd quarter valued at about $2,099,877,000. FMR LLC increased its stake in Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after buying an additional 3,186,876 shares during the period. Baillie Gifford & Co. acquired a new position in Builders FirstSource during the 3rd quarter valued at about $267,132,000. Diamond Hill Capital Management Inc. acquired a new position in Builders FirstSource during the 3rd quarter valued at about $255,867,000. Finally, Loomis Sayles & Co. L P increased its stake in Builders FirstSource by 256,479.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company’s stock valued at $128,331,000 after buying an additional 661,718 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

NYSE BLDR opened at $147.84 on Wednesday. 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 capitalization of $17.01 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.85 and a beta of 2.12. The company has a 50 day moving average price of $156.33 and a two-hundred day moving average price of $171.01. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70.

Analyst Ratings Changes

Several research firms have commented on BLDR. DA Davidson raised their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. UBS Group initiated coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 target price on the stock. Raymond James initiated coverage on shares of Builders FirstSource in a research note on Friday, January 17th. They issued an “outperform” rating and a $180.00 price objective on the stock. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $205.71.

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.