LSV Asset Management grew its holdings in Builders FirstSource, Inc. (NASDAQ:BLDR) by 112.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,246,332 shares of the company’s stock after acquiring an additional 660,103 shares during the period. LSV Asset Management owned about 1.10% of Builders FirstSource worth $27,157,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of BLDR. Schwab Charles Investment Management Inc. raised its holdings in shares of Builders FirstSource by 9.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 402,672 shares of the company’s stock valued at $6,169,000 after buying an additional 36,217 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Builders FirstSource by 156.4% during the second quarter. Ameriprise Financial Inc. now owns 218,727 shares of the company’s stock worth $3,351,000 after purchasing an additional 133,410 shares in the last quarter. Fisher Asset Management LLC purchased a new position in Builders FirstSource during the third quarter worth about $1,290,000. Boston Advisors LLC purchased a new position in Builders FirstSource during the third quarter worth about $304,000. Finally, Strs Ohio purchased a new position in Builders FirstSource during the third quarter worth about $1,133,000. Institutional investors and hedge funds own 97.31% of the company’s stock.
Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) traded up $0.34 during mid-day trading on Thursday, reaching $19.82. 1,661,100 shares of the company’s stock traded hands, compared to its average volume of 1,396,148. Builders FirstSource, Inc. has a 52 week low of $12.12 and a 52 week high of $23.28. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. The firm has a market cap of $2,260.00, a price-to-earnings ratio of 26.08 and a beta of 2.01.
Several research analysts have weighed in on the stock. Barclays set a $21.00 target price on shares of Builders FirstSource and gave the stock a “hold” rating in a research report on Sunday, January 7th. SunTrust Banks reiterated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research report on Friday, November 10th. Citigroup increased their price target on shares of Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Seaport Global Securities restated a “buy” rating and set a $26.00 target price on shares of Builders FirstSource in a research report on Wednesday, January 3rd. Finally, BidaskClub lowered shares of Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 11th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.41.
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About Builders FirstSource
Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.
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