Massachusetts Financial Services Co. MA Grows Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Massachusetts Financial Services Co. MA lifted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 8.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,578,655 shares of the company’s stock after acquiring an additional 120,400 shares during the period. Massachusetts Financial Services Co. MA owned 1.37% of Builders FirstSource worth $225,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its position in shares of Builders FirstSource by 0.3% during the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after purchasing an additional 64 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in Builders FirstSource by 3.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock worth $278,000 after buying an additional 64 shares during the last quarter. Integrated Investment Consultants LLC lifted its stake in Builders FirstSource by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after buying an additional 65 shares during the last quarter. TFB Advisors LLC boosted its holdings in shares of Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after acquiring an additional 79 shares during the period. Finally, HighPoint Advisor Group LLC grew its position in shares of Builders FirstSource by 5.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company’s stock worth $262,000 after acquiring an additional 83 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 8.6 %

Builders FirstSource stock opened at $119.86 on Friday. Builders FirstSource, Inc. has a fifty-two week low of $119.58 and a fifty-two week high of $210.00. The firm has a market capitalization of $13.62 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The stock’s fifty day moving average is $142.32 and its two-hundred day moving average is $163.23. 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 issued its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BLDR. Wedbush reiterated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. Truist Financial lowered their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. BMO Capital Markets reduced their price objective on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research note on Monday, February 24th. The Goldman Sachs Group dropped their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Stifel Nicolaus decreased their price target on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a report on Monday, February 24th. Five research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.63.

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.