Dynamic Technology Lab Private Ltd Increases Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Dynamic Technology Lab Private Ltd grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 66.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,119 shares of the company’s stock after purchasing an additional 4,447 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Builders FirstSource were worth $1,589,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Builders FirstSource during the 4th quarter worth approximately $199,890,000. Proficio Capital Partners LLC grew its stake in shares of Builders FirstSource by 15,533.9% in the fourth quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company’s stock worth $92,891,000 after acquiring an additional 645,746 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after acquiring an additional 623,583 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Builders FirstSource in the third quarter valued at $62,450,000. Finally, Zurich Insurance Group Ltd FI purchased a new position in Builders FirstSource in the third quarter valued at $59,529,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on BLDR. BMO Capital Markets cut their price target on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a report on Monday, February 24th. Wedbush restated an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Royal Bank of Canada decreased their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Stifel Nicolaus decreased 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 report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus target price of $188.63.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $123.69 on Friday. The firm’s fifty day simple moving average is $141.46 and its 200-day simple moving average is $162.79. Builders FirstSource, Inc. has a 12 month low of $114.70 and a 12 month high of $206.02. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 0.80 and a beta of 2.19. 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 (NYSE:BLDR) last posted its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating 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 company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. As a group, equities analysts forecast 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.