LPL Financial LLC Raises Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

LPL Financial LLC grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,571 shares of the company’s stock after acquiring an additional 32,121 shares during the period. LPL Financial LLC owned about 0.25% of Builders FirstSource worth $41,103,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BLDR. Brooklyn Investment Group bought a new stake in Builders FirstSource during the 3rd quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Builders FirstSource during the 4th quarter valued at approximately $33,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource during the fourth quarter valued at approximately $34,000. Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource in the third quarter worth $46,000. Finally, Avion Wealth boosted its position in shares of Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after acquiring an additional 306 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on BLDR shares. Wedbush reiterated an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. Stifel Nicolaus decreased their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Barclays cut their price target on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, February 24th. BMO Capital Markets reduced their price objective on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research note on Monday, February 24th. Finally, Royal Bank of Canada lowered their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Stock Down 2.7 %

Shares of NYSE:BLDR opened at $124.53 on Friday. The firm has a market capitalization of $14.15 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The business has a 50 day simple moving average of $145.58 and a two-hundred day simple moving average of $164.61. Builders FirstSource, Inc. has a 1 year low of $122.49 and a 1 year high of $210.00. 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 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 company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.59 EPS 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.