Chevy Chase Trust Holdings LLC Has $8.63 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Chevy Chase Trust Holdings LLC lowered its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,392 shares of the company’s stock after selling 2,045 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Builders FirstSource worth $8,632,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mountaineer Partners Management LLC bought a new position in Builders FirstSource during the 3rd quarter worth $2,099,877,000. FMR LLC boosted 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 purchasing an additional 3,186,876 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Builders FirstSource by 23.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock valued at $282,697,000 after purchasing an additional 277,897 shares during the last quarter. Baillie Gifford & Co. acquired a new position in Builders FirstSource during the 3rd quarter valued at about $267,132,000. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $255,867,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

BLDR has been the topic of a number of research analyst reports. Barclays cut their target price on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Wedbush reissued an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Stifel Nicolaus reissued a “buy” rating and set a $175.00 target price on shares of Builders FirstSource in a report on Wednesday, January 8th. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Oppenheimer reissued an “outperform” rating and set a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

Builders FirstSource Stock Up 0.9 %

Shares of NYSE:BLDR opened at $153.90 on Tuesday. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70. The firm has a fifty day moving average of $156.33 and a 200 day moving average of $171.01. The firm has a market capitalization of $17.71 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 0.89 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 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.