Stephens Inc. AR Reduces Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Stephens Inc. AR reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,065 shares of the company’s stock after selling 231 shares during the quarter. Stephens Inc. AR’s holdings in Builders FirstSource were worth $295,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mountaineer Partners Management LLC acquired a new stake in Builders FirstSource in the third quarter valued at about $2,099,877,000. FMR LLC raised its stake in Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after purchasing an additional 3,186,876 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Builders FirstSource by 23.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock valued at $282,697,000 after buying an additional 277,897 shares during the period. Baillie Gifford & Co. purchased a new stake in shares of Builders FirstSource in the third quarter valued at $267,132,000. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter worth about $255,867,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Up 0.9 %

Shares of BLDR opened at $153.90 on Friday. The company has a 50-day moving average price of $156.79 and a two-hundred day moving average price of $171.03. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The stock has a market cap of $17.71 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 0.89 and a beta of 2.12. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BLDR shares. Stephens boosted their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Raymond James started coverage on shares of Builders FirstSource in a research report on Friday, January 17th. They issued an “outperform” rating and a $180.00 price objective for the company. Wedbush restated an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. DA Davidson upped their price objective on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer restated an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.