Cullen Frost Bankers Inc. Boosts Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Cullen Frost Bankers Inc. lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,095 shares of the company’s stock after purchasing an additional 941 shares during the period. Cullen Frost Bankers Inc.’s holdings in Builders FirstSource were worth $3,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. purchased a new position in Builders FirstSource in the fourth quarter worth approximately $34,000. Brown Brothers Harriman & Co. acquired a new position in Builders FirstSource during the 3rd quarter worth approximately $46,000. Finally, Avion Wealth increased its position in shares of Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after purchasing an additional 306 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BLDR. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. BMO Capital Markets lowered their price objective on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research report on Monday, February 24th. Wedbush reiterated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Barclays decreased their target price 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. Finally, Stifel Nicolaus dropped their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Stock Up 0.3 %

Builders FirstSource stock opened at $134.14 on Friday. The stock has a 50 day moving average of $151.87 and a two-hundred day moving average of $169.49. Builders FirstSource, Inc. has a twelve month low of $127.45 and a twelve month high of $214.70. The stock has a market capitalization of $15.24 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 0.80 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 0.86.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share 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 firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current 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.