Adage Capital Partners GP L.L.C. Boosts Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Adage Capital Partners GP L.L.C. raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 22.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 107,500 shares of the company’s stock after buying an additional 19,700 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in Builders FirstSource were worth $15,365,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Builders FirstSource during the 4th quarter valued at $33,000. SBI Securities Co. Ltd. acquired a new position in Builders FirstSource during the 4th quarter valued at about $34,000. Avion Wealth raised its stake 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 buying an additional 306 shares during the last quarter. Mather Group LLC. boosted its holdings in Builders FirstSource by 91.2% in the fourth quarter. Mather Group LLC. now owns 497 shares of the company’s stock worth $71,000 after acquiring an additional 237 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after acquiring an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

BLDR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They set a “buy” rating and a $151.00 target price on the stock. Raymond James reissued an “outperform” rating and set a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Benchmark reduced 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. BMO Capital Markets dropped 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. Finally, The Goldman Sachs Group cut their price objective on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.84.

Builders FirstSource Stock Up 0.4 %

Builders FirstSource stock opened at $121.40 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 stock has a market capitalization of $13.81 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. The business has a 50 day simple moving average of $127.18 and a 200-day simple moving average of $153.81. Builders FirstSource, Inc. has a 12 month low of $110.84 and a 12 month high of $203.14.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.18 by $0.13. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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.