CIBC Asset Management Inc Purchases 442 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

CIBC Asset Management Inc grew its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,925 shares of the company’s stock after acquiring an additional 442 shares during the quarter. CIBC Asset Management Inc’s holdings in Builders FirstSource were worth $2,562,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baillie Gifford & Co. grew its stake in shares of Builders FirstSource by 20.7% in the 4th 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 in the last quarter. Mountain Lake Investment Management LLC lifted its holdings in shares of Builders FirstSource by 7.0% in the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock valued at $5,201,000 after acquiring an additional 2,367 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Builders FirstSource in the fourth quarter worth about $12,625,000. Principal Securities Inc. increased its stake in Builders FirstSource by 100.2% during the fourth quarter. Principal Securities Inc. now owns 3,230 shares of the company’s stock worth $462,000 after acquiring an additional 1,617 shares during the last quarter. Finally, AustralianSuper Pty Ltd raised its position in Builders FirstSource by 8.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 129,118 shares of the company’s stock valued at $18,455,000 after purchasing an additional 10,027 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating and set a $175.00 target price on shares of Builders FirstSource in a research report on Wednesday, January 8th. Wedbush reissued an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Raymond James reaffirmed an “outperform” rating and set a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a research note on Friday. Benchmark reduced their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday. Finally, UBS Group assumed coverage on Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 target price for the company. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $196.88.

Builders FirstSource Price Performance

BLDR opened at $137.14 on Friday. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 0.81 and a beta of 2.12. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The business’s fifty day simple moving average is $154.21 and its 200-day simple moving average is $170.52.

Builders FirstSource (NYSE:BLDR) last posted its 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%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.5 earnings per share 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.