Loomis Sayles & Co. L P Buys 59,092 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Loomis Sayles & Co. L P raised its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 8.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 721,068 shares of the company’s stock after purchasing an additional 59,092 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Builders FirstSource were worth $103,062,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC raised its holdings in Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after acquiring an additional 134 shares in the last quarter. Mountain Lake Investment Management LLC lifted its position in Builders FirstSource by 7.0% in the fourth 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 period. Fisher Asset Management LLC increased its holdings in Builders FirstSource by 14.9% in the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock valued at $28,084,000 after buying an additional 25,535 shares during the period. Fiera Capital Corp acquired a new position in shares of Builders FirstSource in the 4th quarter valued at $27,089,000. Finally, Lecap Asset Management Ltd. lifted its holdings in shares of Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock worth $3,151,000 after acquiring an additional 9,970 shares during the period. Institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several recent research reports. Barclays dropped their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. The Goldman Sachs Group decreased their price target on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada dropped their price objective on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Raymond James reaffirmed an “outperform” rating and set a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Finally, StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Trading Down 1.4 %

NYSE BLDR opened at $129.07 on Thursday. Builders FirstSource, Inc. has a 12 month low of $122.49 and a 12 month high of $211.12. The stock has a 50-day simple moving average of $147.02 and a 200 day simple moving average of $165.16. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $14.67 billion, a PE ratio of 14.25, a P/E/G ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS 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.