Builders FirstSource, Inc. (NYSE:BLDR) Stake Lifted by Choreo LLC

Choreo LLC increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 28.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,332 shares of the company’s stock after acquiring an additional 959 shares during the period. Choreo LLC’s holdings in Builders FirstSource were worth $621,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BLDR. Brooklyn Investment Group bought a new position in shares of Builders FirstSource in the third quarter valued at approximately $28,000. Armstrong Advisory Group Inc. acquired a new position in Builders FirstSource in the third quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource in the fourth quarter worth approximately $33,000. Reston Wealth Management LLC acquired a new position in Builders FirstSource in the third quarter worth approximately $39,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Builders FirstSource in the third quarter worth approximately $46,000. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group assumed coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 price target on the stock. Barclays decreased their price target on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. DA Davidson lifted their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada raised their price objective on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $205.71.

Builders FirstSource Trading Up 1.3 %

Shares of NYSE:BLDR opened at $155.88 on Tuesday. The firm has a fifty day moving average of $158.78 and a two-hundred day moving average of $171.45. The firm has a market capitalization of $17.94 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

Builders FirstSource Company 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.