Van ECK Associates Corp Trims Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Van ECK Associates Corp lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,772 shares of the company’s stock after selling 904 shares during the period. Van ECK Associates Corp’s holdings in Builders FirstSource were worth $2,826,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Lecap Asset Management Ltd. grew its stake in Builders FirstSource by 82.6% during the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock valued at $3,151,000 after acquiring an additional 9,970 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in Builders FirstSource in the 4th quarter worth approximately $405,000. JPMorgan Chase & Co. grew its stake in Builders FirstSource by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after buying an additional 58,436 shares in the last quarter. Oak Thistle LLC purchased a new position in Builders FirstSource in the 4th quarter worth approximately $1,136,000. Finally, Forsta AP Fonden grew its stake in Builders FirstSource by 12.1% in the 3rd quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock worth $5,195,000 after buying an additional 2,900 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 0.1 %

NYSE:BLDR opened at $144.59 on Friday. The company has a fifty day moving average of $154.79 and a 200 day moving average of $170.61. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week 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. The firm has a market capitalization of $16.64 billion, a P/E ratio of 14.12, a P/E/G ratio of 0.82 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. On average, research analysts predict that Builders FirstSource, Inc. will post 11.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on BLDR. Wedbush reissued an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. Stephens boosted their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price target on shares of Builders FirstSource in a research note on Wednesday, January 8th. Raymond James began coverage on shares of Builders FirstSource in a research note on Friday, January 17th. They issued an “outperform” rating and a $180.00 price target for the company. Finally, UBS Group began coverage on shares of Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 price objective for the company. Four equities research 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.71.

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.