Builders FirstSource, Inc. (NYSE:BLDR) Stock Position Increased by GoodHaven Capital Management LLC

GoodHaven Capital Management LLC boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 0.1% during the 4th quarter, Holdings Channel reports. The firm owned 172,530 shares of the company’s stock after buying an additional 250 shares during the quarter. Builders FirstSource makes up about 8.0% of GoodHaven Capital Management LLC’s holdings, making the stock its 4th biggest position. GoodHaven Capital Management LLC’s holdings in Builders FirstSource were worth $24,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in BLDR. Oppenheimer Asset Management Inc. purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $521,000. OneDigital Investment Advisors LLC purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $273,000. Natixis Advisors LLC raised its position in shares of Builders FirstSource by 88.3% during the 3rd quarter. Natixis Advisors LLC now owns 42,142 shares of the company’s stock valued at $8,170,000 after buying an additional 19,757 shares in the last quarter. Swiss National Bank raised its position in shares of Builders FirstSource by 0.4% during the 3rd quarter. Swiss National Bank now owns 362,287 shares of the company’s stock valued at $70,233,000 after buying an additional 1,300 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Builders FirstSource by 3,220.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,557 shares of the company’s stock valued at $496,000 after buying an additional 2,480 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of BLDR opened at $128.20 on Thursday. The company has a 50 day moving average price of $149.00 and a 200-day moving average price of $166.56. Builders FirstSource, Inc. has a fifty-two week low of $122.49 and a fifty-two week high of $214.70. The stock has a market capitalization of $14.57 billion, a PE ratio of 14.15, a PEG ratio of 0.80 and a beta of 2.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Equities analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wedbush reiterated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, December 18th. Stifel Nicolaus cut their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. The Goldman Sachs Group cut their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Royal Bank of Canada cut their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Finally, BMO Capital Markets cut their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a report on Monday, February 24th. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.72.

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.