Firetrail Investments PTY Ltd. Purchases 3,603 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Firetrail Investments PTY Ltd. increased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 9.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,742 shares of the company’s stock after acquiring an additional 3,603 shares during the quarter. Builders FirstSource comprises about 1.8% of Firetrail Investments PTY Ltd.’s holdings, making the stock its 23rd biggest holding. Firetrail Investments PTY Ltd.’s holdings in Builders FirstSource were worth $5,988,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mountaineer Partners Management LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter worth approximately $2,099,877,000. FMR LLC lifted its holdings in shares of 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 acquiring an additional 3,186,876 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Builders FirstSource by 20.7% in the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock worth $237,753,000 after acquiring an additional 285,458 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 worth $282,697,000 after acquiring an additional 277,897 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter worth approximately $255,867,000. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wedbush restated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Stifel Nicolaus decreased their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Royal Bank of Canada decreased their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. DA Davidson lifted their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Barclays decreased their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Five equities research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Price Performance

BLDR opened at $139.03 on Friday. 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 stock has a market capitalization of $15.80 billion, a P/E ratio of 15.35, a P/E/G ratio of 0.80 and a beta of 2.12. The company’s 50-day simple moving average is $152.82 and its two-hundred day simple moving average is $170.03. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70.

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

About Builders FirstSource

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.