Builders FirstSource, Inc. $BLDR Position Raised by Bridges Investment Management Inc.

Bridges Investment Management Inc. raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 41.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BLDR. Norges Bank acquired a new stake in shares of Builders FirstSource in the second quarter valued at $147,994,000. Brave Warrior Advisors LLC raised its position in Builders FirstSource by 47.2% in the second quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock worth $213,223,000 after acquiring an additional 585,683 shares in the last quarter. Atreides Management LP bought a new stake in Builders FirstSource in the second quarter worth about $37,592,000. Moore Capital Management LP acquired a new stake in Builders FirstSource in the 2nd quarter valued at about $25,647,000. Finally, Bank of America Corp DE boosted its position in shares of Builders FirstSource by 42.7% during the 2nd quarter. Bank of America Corp DE now owns 598,135 shares of the company’s stock valued at $69,796,000 after purchasing an additional 178,955 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Trading Down 0.9%

Builders FirstSource stock opened at $113.32 on Tuesday. Builders FirstSource, Inc. has a 52 week low of $94.35 and a 52 week high of $165.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. The firm has a market capitalization of $12.53 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 13.90 and a beta of 1.56. The company has a 50 day moving average price of $112.27 and a 200 day moving average price of $121.21.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Wells Fargo & Company began coverage on shares of Builders FirstSource in a research report on Monday, November 17th. They issued an “equal weight” rating and a $115.00 price target on the stock. Barclays upped their price target on Builders FirstSource from $123.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. UBS Group reduced their price objective on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $111.00 target price on shares of Builders FirstSource in a report on Friday, January 9th. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource has an average rating of “Hold” and an average target price 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.