Builders FirstSource, Inc. $BLDR Shares Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 41.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,392 shares of the company’s stock after purchasing an additional 5,953 shares during the quarter. Bridges Investment Management Inc.’s holdings in Builders FirstSource were worth $2,473,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its holdings in shares of Builders FirstSource by 0.4% during the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock worth $2,057,000 after purchasing an additional 78 shares during the period. VestGen Advisors LLC grew its position in shares of Builders FirstSource by 4.6% during the 2nd quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock valued at $227,000 after buying an additional 86 shares during the last quarter. Stephens Inc. AR raised its stake in Builders FirstSource by 3.1% during the second quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock worth $354,000 after acquiring an additional 90 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its holdings in Builders FirstSource by 0.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 16,858 shares of the company’s stock worth $1,967,000 after acquiring an additional 131 shares during the last quarter. Finally, CX Institutional boosted its stake in Builders FirstSource by 15.8% in the third quarter. CX Institutional now owns 958 shares of the company’s stock valued at $116,000 after acquiring an additional 131 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $113.32 on Tuesday. Builders FirstSource, Inc. has a fifty-two week low of $94.35 and a fifty-two week high of $165.70. The firm’s 50-day simple moving average is $112.27 and its 200 day simple moving average is $121.21. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03. The stock has a market cap of $12.53 billion, a P/E ratio of 21.58, a P/E/G ratio of 13.90 and a beta of 1.56.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BLDR shares. Barclays increased their price target on Builders FirstSource from $123.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $111.00 target price on shares of Builders FirstSource in a research report on Friday, January 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Finally, Loop Capital cut their price objective on shares of Builders FirstSource from $145.00 to $140.00 in a research report on Friday, October 31st. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $133.77.

Builders FirstSource Company 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.