Beaconlight Capital LLC grew its position in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,688,474 shares of the company’s stock after purchasing an additional 327,533 shares during the period. Builders FirstSource accounts for about 10.1% of Beaconlight Capital LLC’s investment portfolio, making the stock its 3rd largest position. Beaconlight Capital LLC owned about 2.34% of Builders FirstSource worth $29,331,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in BLDR. Acadian Asset Management LLC purchased a new position in shares of Builders FirstSource during the 4th quarter worth about $30,000. PNC Financial Services Group Inc. lifted its holdings in shares of Builders FirstSource by 2,338.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,389 shares of the company’s stock worth $37,000 after acquiring an additional 3,250 shares during the period. Quantamental Technologies LLC purchased a new position in shares of Builders FirstSource during the 4th quarter worth about $91,000. Blueshift Asset Management LLC purchased a new position in shares of Builders FirstSource during the 4th quarter worth about $118,000. Finally, Virtu Financial LLC purchased a new position in shares of Builders FirstSource during the 4th quarter worth about $121,000. 94.35% of the stock is currently owned by institutional investors.
NASDAQ BLDR opened at $13.58 on Friday. Builders FirstSource, Inc. has a one year low of $10.15 and a one year high of $21.92. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.06 and a current ratio of 1.88. The company has a market capitalization of $1.57 billion, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 1.72 and a beta of 2.23.
Several research analysts have recently weighed in on BLDR shares. BidaskClub upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. DA Davidson lowered shares of Builders FirstSource from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $20.00 to $14.00 in a report on Thursday, January 10th. Barclays cut their price objective on shares of Builders FirstSource from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 12th. B. Riley cut their price objective on shares of Builders FirstSource from $22.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, March 5th. Finally, SunTrust Banks lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Builders FirstSource currently has a consensus rating of “Hold” and a consensus target price of $16.77.
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Builders FirstSource Profile
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.
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