Old West Investment Management LLC Acquires 34,294 Shares of Builders FirstSource, Inc. $BLDR

Old West Investment Management LLC raised its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 118.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,299 shares of the company’s stock after buying an additional 34,294 shares during the quarter. Builders FirstSource comprises approximately 1.8% of Old West Investment Management LLC’s investment portfolio, making the stock its 20th biggest holding. Old West Investment Management LLC owned 0.06% of Builders FirstSource worth $7,675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its position in Builders FirstSource by 9.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after acquiring an additional 295 shares in the last quarter. Woodline Partners LP increased its holdings in Builders FirstSource by 40.7% during the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after purchasing an additional 2,812 shares in the last quarter. DAVENPORT & Co LLC raised its stake in shares of Builders FirstSource by 732.1% in the 2nd quarter. DAVENPORT & Co LLC now owns 19,106 shares of the company’s stock valued at $2,235,000 after purchasing an additional 16,810 shares during the period. KLP Kapitalforvaltning AS lifted its holdings in shares of Builders FirstSource by 19.0% in the second quarter. KLP Kapitalforvaltning AS now owns 43,800 shares of the company’s stock valued at $5,111,000 after purchasing an additional 7,000 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new position in shares of Builders FirstSource during the second quarter worth about $129,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE:BLDR opened at $124.39 on Friday. Builders FirstSource, Inc. has a 1-year low of $94.35 and a 1-year high of $159.17. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. The firm has a fifty day simple moving average of $113.11 and a 200 day simple moving average of $121.21. The stock has a market capitalization of $13.76 billion, a PE ratio of 23.69, a P/E/G ratio of 15.03 and a beta of 1.56.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BLDR. Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a research report on Wednesday, January 21st. Robert W. Baird set a $135.00 price objective on shares of Builders FirstSource in a report on Friday, October 31st. Stephens reissued an “equal weight” rating and issued a $137.00 price objective on shares of Builders FirstSource in a research report on Tuesday, January 20th. DA Davidson decreased their target price on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $111.00 price target on shares of Builders FirstSource in a research note on Friday, January 9th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and a consensus price target of $133.77.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.