King Luther Capital Management Corp Purchases 113 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

King Luther Capital Management Corp raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,529 shares of the company’s stock after buying an additional 113 shares during the period. King Luther Capital Management Corp’s holdings in Builders FirstSource were worth $1,648,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sigma Planning Corp purchased a new position in Builders FirstSource during the 3rd quarter valued at about $278,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $441,000. Apollon Wealth Management LLC bought a new position in shares of Builders FirstSource during the third quarter valued at approximately $258,000. Ashton Thomas Private Wealth LLC raised its holdings in shares of Builders FirstSource by 16.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 1,333 shares of the company’s stock valued at $258,000 after acquiring an additional 184 shares in the last quarter. Finally, Aptus Capital Advisors LLC purchased a new stake in Builders FirstSource in the third quarter worth $273,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Raymond James reissued an “outperform” rating and set a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Benchmark reduced their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Wedbush restated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Stifel Nicolaus reduced their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, Loop Capital lowered their target price on Builders FirstSource from $205.00 to $190.00 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $129.78 on Thursday. The company has a 50 day moving average of $150.98 and a 200 day moving average of $168.49. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a twelve month low of $127.45 and a twelve month high of $214.70. The firm has a market cap of $14.75 billion, a P/E ratio of 14.32, a PEG ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource 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.