Sciencast Management LP Invests $1.68 Million in Builders FirstSource, Inc. (NYSE:BLDR)

Sciencast Management LP purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 11,765 shares of the company’s stock, valued at approximately $1,682,000.

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in shares of Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after acquiring an additional 134 shares in the last quarter. Mountain Lake Investment Management LLC grew its holdings in shares of Builders FirstSource by 7.0% during the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock worth $5,201,000 after purchasing an additional 2,367 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Builders FirstSource by 14.9% during the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock worth $28,084,000 after buying an additional 25,535 shares during the period. Fiera Capital Corp bought a new position in shares of Builders FirstSource during the 4th quarter worth approximately $27,089,000. Finally, Lecap Asset Management Ltd. lifted its position in shares of Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock worth $3,151,000 after buying an additional 9,970 shares during the period. 95.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the subject of several research analyst reports. Benchmark cut their price objective on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Barclays decreased their price objective on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Loop Capital decreased their target price on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, 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. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Stock Performance

BLDR opened at $126.42 on Friday. Builders FirstSource, Inc. has a 52-week low of $122.49 and a 52-week high of $212.24. The firm has a market capitalization of $14.36 billion, a PE ratio of 13.95, a PEG ratio of 0.80 and a beta of 2.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The business’s 50-day simple moving average is $148.43 and its 200 day simple moving average is $165.97.

Builders FirstSource (NYSE:BLDR) last issued its 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. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 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.