Alpha DNA Investment Management LLC Increases Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Alpha DNA Investment Management LLC lifted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 7.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,739 shares of the company’s stock after acquiring an additional 187 shares during the period. Alpha DNA Investment Management LLC’s holdings in Builders FirstSource were worth $391,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BLDR. Norges Bank purchased a new stake in shares of Builders FirstSource in the 4th quarter worth about $199,890,000. FMR LLC increased its holdings 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 valued at $1,557,703,000 after acquiring an additional 740,214 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in Builders FirstSource by 15,533.9% in the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company’s stock worth $92,891,000 after purchasing an additional 645,746 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position 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 during the last quarter. Finally, Baillie Gifford & Co. raised its holdings in 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. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BLDR. BMO Capital Markets decreased their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. Royal Bank of Canada decreased their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Stifel Nicolaus decreased their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a report on Monday, February 24th. Raymond James reiterated an “outperform” rating and set a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Finally, Benchmark cut their price objective on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average target price of $186.84.

Builders FirstSource Trading Up 3.4 %

Shares of BLDR stock opened at $116.94 on Friday. The stock has a fifty day simple moving average of $131.35 and a two-hundred day simple moving average of $157.24. Builders FirstSource, Inc. has a 52-week low of $110.84 and a 52-week high of $203.14. The firm has a market capitalization of $13.30 billion, a PE 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 quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.90 billion. On average, analysts predict 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.