Paradigm Asset Management Co. LLC Has $1.30 Million Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Paradigm Asset Management Co. LLC lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 355.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,100 shares of the company’s stock after purchasing an additional 7,100 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Builders FirstSource were worth $1,301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mountain Lake Investment Management LLC boosted its position in shares of Builders FirstSource by 7.0% in 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 during the last quarter. Fiera Capital Corp bought a new position in shares of Builders FirstSource in the 4th quarter worth $27,089,000. Lecap Asset Management Ltd. boosted its position in shares of Builders FirstSource by 82.6% in the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock worth $3,151,000 after purchasing an additional 9,970 shares during the last quarter. Miracle Mile Advisors LLC bought a new position in shares of Builders FirstSource in the 4th quarter worth $405,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Builders FirstSource by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after purchasing an additional 58,436 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

NYSE:BLDR opened at $144.59 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The stock’s 50-day simple moving average is $154.79 and its 200 day simple moving average is $170.61. The company has a market cap of $16.64 billion, a P/E ratio of 14.12, a P/E/G ratio of 0.82 and a beta of 2.12. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on BLDR. Royal Bank of Canada raised their price target on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. DA Davidson lifted their target price on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Stephens lifted their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. UBS Group started coverage on Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 target price on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $175.00 target price on shares of Builders FirstSource in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

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.