Dynamic Technology Lab Private Ltd Increases Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Dynamic Technology Lab Private Ltd lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 66.7% during the fourth quarter, HoldingsChannel reports. The fund owned 11,119 shares of the company’s stock after acquiring an additional 4,447 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Builders FirstSource were worth $1,589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BLDR. HighTower Advisors LLC boosted its holdings in Builders FirstSource by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock valued at $4,296,000 after purchasing an additional 64 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Builders FirstSource by 3.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock valued at $278,000 after buying an additional 64 shares in the last quarter. Integrated Investment Consultants LLC grew its holdings in Builders FirstSource by 0.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after acquiring an additional 65 shares during the period. TFB Advisors LLC raised its position in Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock worth $546,000 after acquiring an additional 79 shares in the last quarter. Finally, HighPoint Advisor Group LLC lifted its holdings in Builders FirstSource by 5.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company’s stock valued at $262,000 after acquiring an additional 83 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BLDR. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research note on Tuesday. They set a “buy” rating and a $151.00 price target on the stock. Raymond James restated an “outperform” rating and set a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Wedbush reiterated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. BMO Capital Markets lowered their price target on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a report on Monday, February 24th. Finally, StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and a consensus price target of $188.63.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $123.69 on Friday. The stock has a fifty day moving average price of $141.46 and a 200 day moving average price of $162.79. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 52 week low of $114.70 and a 52 week high of $206.02. The firm has a market capitalization of $14.05 billion, a P/E ratio of 13.65, a PEG ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data 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 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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.