LSV Asset Management Purchases 49,200 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

LSV Asset Management lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 539,900 shares of the company’s stock after buying an additional 49,200 shares during the period. LSV Asset Management’s holdings in Builders FirstSource were worth $90,131,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BLDR. Invesco Ltd. increased its stake in Builders FirstSource by 80.8% in the 3rd quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock valued at $243,516,000 after buying an additional 874,268 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Builders FirstSource by 30,560.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company’s stock worth $69,506,000 after purchasing an additional 556,501 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in Builders FirstSource by 678.1% in the third quarter. Jupiter Asset Management Ltd. now owns 493,071 shares of the company’s stock valued at $61,382,000 after acquiring an additional 429,699 shares during the last quarter. AQR Capital Management LLC lifted its stake in Builders FirstSource by 19.5% in the 3rd quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company’s stock valued at $195,931,000 after purchasing an additional 256,609 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Builders FirstSource by 834.6% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 282,811 shares of the company’s stock worth $35,207,000 after acquiring an additional 252,551 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays raised their price target on Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. DA Davidson reiterated a “neutral” rating and issued a $185.00 price target on shares of Builders FirstSource in a research note on Thursday, March 28th. Bank of America upgraded shares of Builders FirstSource from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $153.00 to $200.00 in a research report on Monday, January 29th. Jefferies Financial Group upped their target price on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and an average target price of $196.33.

Builders FirstSource Price Performance

BLDR traded up $7.07 on Friday, hitting $195.81. 1,809,086 shares of the stock were exchanged, compared to its average volume of 1,239,646. The firm has a market capitalization of $23.88 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.22 and a beta of 2.08. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70. The business has a 50-day moving average of $195.49 and a two-hundred day moving average of $167.76.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.85. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.01 billion. Sell-side analysts forecast that Builders FirstSource, Inc. will post 13.83 EPS for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the transaction, the director now owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

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.