Vestcor Inc Boosts Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Vestcor Inc boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 11.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,904 shares of the company’s stock after buying an additional 928 shares during the period. Vestcor Inc’s holdings in Builders FirstSource were worth $1,273,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group acquired a new position in Builders FirstSource during the 3rd quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Builders FirstSource during the fourth quarter worth about $33,000. SBI Securities Co. Ltd. acquired a new position in shares of Builders FirstSource during the fourth quarter worth about $34,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Builders FirstSource during the third quarter worth approximately $46,000. Finally, Avion Wealth raised its holdings in Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after acquiring an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on BLDR. Royal Bank of Canada dropped their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. BMO Capital Markets cut their price target on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research note on Monday, February 24th. Loop Capital decreased their price target on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 24th. Stifel Nicolaus dropped their price objective on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, Benchmark decreased their target price 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. 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. Based on data from MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $126.20 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The company has a market cap of $14.34 billion, a PE ratio of 13.93, a P/E/G ratio of 0.80 and a beta of 2.19. The stock has a fifty day moving average price of $149.97 and a 200 day moving average price of $167.51. Builders FirstSource, Inc. has a 1-year low of $122.49 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.13. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Sell-side analysts forecast 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.