Van ECK Associates Corp Has $2.83 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Van ECK Associates Corp trimmed its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,772 shares of the company’s stock after selling 904 shares during the quarter. Van ECK Associates Corp’s holdings in Builders FirstSource were worth $2,826,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on BLDR shares. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. 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. UBS Group assumed coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They issued a “buy” rating and a $232.00 price objective on the stock. Royal Bank of Canada raised their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, DA Davidson raised their price target 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. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.71.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $144.59 on Friday. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 0.82 and a beta of 2.12. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The firm’s 50-day simple moving average is $154.79 and its two-hundred day simple moving average is $170.61.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. As a group, equities analysts forecast that Builders FirstSource, Inc. will post 11.5 earnings per share for the current 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.