Raymond James Financial Inc. Acquires New Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Raymond James Financial Inc. bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 241,660 shares of the company’s stock, valued at approximately $34,540,000. Raymond James Financial Inc. owned about 0.21% of Builders FirstSource at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Advisory Services Network LLC bought a new position in shares of Builders FirstSource during the 4th quarter worth $532,000. Abacus FCF Advisors LLC purchased a new stake in Builders FirstSource during the fourth quarter valued at about $1,070,000. Renaissance Technologies LLC bought a new position in Builders FirstSource during the fourth quarter worth about $9,954,000. Invesco Ltd. increased its stake in shares of Builders FirstSource by 1.2% in the fourth quarter. Invesco Ltd. now owns 2,253,588 shares of the company’s stock worth $322,105,000 after purchasing an additional 26,314 shares in the last quarter. Finally, FMR LLC raised its position in shares of Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company’s stock valued at $1,557,703,000 after purchasing an additional 740,214 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on BLDR shares. Raymond James reaffirmed an “outperform” rating and issued a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Benchmark cut their price target on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. The Goldman Sachs Group decreased their price objective on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. BMO Capital Markets cut their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research note on Monday, February 24th. Finally, Wedbush reiterated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $186.84.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $113.15 on Thursday. Builders FirstSource, Inc. has a 1-year low of $110.84 and a 1-year high of $203.14. 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 business has a 50 day moving average of $132.13 and a 200 day moving average of $157.77. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates 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. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal 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.