PGGM Investments Purchases 520 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

PGGM Investments boosted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,732 shares of the company’s stock after purchasing an additional 520 shares during the quarter. PGGM Investments’ holdings in Builders FirstSource were worth $7,966,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mountaineer Partners Management LLC acquired a new stake in shares of Builders FirstSource during the third quarter worth $2,099,877,000. FMR LLC raised its stake in Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after purchasing an additional 3,186,876 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in Builders FirstSource by 20.7% in the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock valued at $237,753,000 after purchasing an additional 285,458 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Builders FirstSource by 23.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock valued at $282,697,000 after purchasing an additional 277,897 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Builders FirstSource by 7.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 976,125 shares of the company’s stock worth $139,518,000 after purchasing an additional 71,525 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on BLDR. The Goldman Sachs Group cut their price target on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Raymond James reiterated 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. Royal Bank of Canada reduced their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Benchmark dropped their price target on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Loop Capital reduced their price objective on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Stock Down 0.2 %

Shares of NYSE:BLDR opened at $129.78 on Thursday. Builders FirstSource, Inc. has a 52-week low of $127.45 and a 52-week high of $214.70. The company has a market capitalization of $14.75 billion, a PE ratio of 14.32, a price-to-earnings-growth 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. The company has a fifty day moving average of $150.98 and a 200-day moving average of $168.49.

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

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.