Builders FirstSource, Inc. $BLDR Shares Purchased by Westbourne Investments Inc.

Westbourne Investments Inc. lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 59.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,500 shares of the company’s stock after acquiring an additional 4,306 shares during the period. Westbourne Investments Inc.’s holdings in Builders FirstSource were worth $1,336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC increased its holdings in Builders FirstSource by 9.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after purchasing an additional 295 shares in the last quarter. Woodline Partners LP grew its stake in shares of Builders FirstSource by 40.7% in the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after buying an additional 2,812 shares in the last quarter. Callan Family Office LLC acquired a new stake in shares of Builders FirstSource in the second quarter valued at about $406,000. IFP Advisors Inc raised its holdings in shares of Builders FirstSource by 21.7% during the 2nd quarter. IFP Advisors Inc now owns 2,580 shares of the company’s stock valued at $318,000 after buying an additional 460 shares during the period. Finally, Aberdeen Group plc lifted its position in Builders FirstSource by 6.0% during the 2nd quarter. Aberdeen Group plc now owns 84,235 shares of the company’s stock worth $9,829,000 after acquiring an additional 4,780 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BLDR. Stifel Nicolaus lowered their price objective on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. DA Davidson decreased their target price on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Vertical Research began coverage on shares of Builders FirstSource in a report on Monday, October 20th. They set a “sell” rating and a $109.41 price target for the company. Stephens reiterated an “equal weight” rating and issued a $137.00 price objective on shares of Builders FirstSource in a report on Tuesday, January 20th. Finally, Benchmark upped their price objective on shares of Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $134.02.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $128.41 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. Builders FirstSource, Inc. has a 1 year low of $94.35 and a 1 year high of $159.00. The firm’s 50-day simple moving average is $113.66 and its 200-day simple moving average is $120.93. The firm has a market cap of $14.20 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 15.56 and a beta of 1.56.

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.