Canada Pension Plan Investment Board Raises Position in Builders FirstSource, Inc. (NYSE:BLDR)

Canada Pension Plan Investment Board increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,393 shares of the company’s stock after buying an additional 7,855 shares during the quarter. Canada Pension Plan Investment Board owned 0.09% of Builders FirstSource worth $14,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BLDR. FMR LLC grew its stake in shares of Builders FirstSource by 7.3% during the fourth quarter. FMR LLC now owns 10,898,366 shares of the company’s stock worth $1,557,703,000 after acquiring an additional 740,214 shares during the last quarter. Invesco Ltd. grew its position in Builders FirstSource by 1.2% during the 4th 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 during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Builders FirstSource by 47.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock valued at $277,776,000 after purchasing an additional 623,583 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Builders FirstSource by 20.7% in the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock worth $237,753,000 after buying an additional 285,458 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Builders FirstSource by 8.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,578,655 shares of the company’s stock worth $225,637,000 after buying an additional 120,400 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. BMO Capital Markets reduced 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. The Goldman Sachs Group reduced their price objective on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Benchmark dropped their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 price objective on the stock. Five equities research 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $186.84.

Builders FirstSource Trading Up 3.4 %

Shares of BLDR stock opened at $116.94 on Monday. The stock has a 50 day simple moving average of $130.56 and a 200-day simple moving average of $156.16. Builders FirstSource, Inc. has a 1-year low of $110.84 and a 1-year high of $203.14. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.80 and a beta of 1.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.13. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource 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.