Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 82.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,043 shares of the company’s stock after purchasing an additional 9,970 shares during the quarter. Builders FirstSource makes up approximately 0.9% of Lecap Asset Management Ltd.’s holdings, making the stock its 20th largest position. Lecap Asset Management Ltd.’s holdings in Builders FirstSource were worth $3,151,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BLDR. Brooklyn Investment Group acquired a new position in shares of Builders FirstSource during the third quarter valued at $28,000. Armstrong Advisory Group Inc. acquired a new position in Builders FirstSource during the 3rd quarter valued at about $30,000. Reston Wealth Management LLC bought a new position in Builders FirstSource in the 3rd quarter worth about $39,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $33,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Builders FirstSource during the third quarter valued at approximately $46,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Down 1.6 %

Shares of Builders FirstSource stock opened at $159.55 on Friday. The stock has a 50-day moving average price of $160.01 and a 200 day moving average price of $171.35. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. The company has a market cap of $18.36 billion, a P/E ratio of 15.58, a P/E/G ratio of 0.92 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 0.83.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the firm earned $4.24 earnings per share. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. As a group, analysts expect that Builders FirstSource, Inc. will post 11.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BLDR shares. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price objective on shares of Builders FirstSource in a report on Wednesday, January 8th. The Goldman Sachs Group assumed coverage on Builders FirstSource in a report on Thursday, October 10th. They set a “buy” rating and a $225.00 price target on the stock. Oppenheimer reiterated an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Robert W. Baird upped their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Stephens raised their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

About Builders FirstSource

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.