Gladstone Institutional Advisory LLC Boosts Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Gladstone Institutional Advisory LLC grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 26.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,966 shares of the company’s stock after buying an additional 3,312 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Builders FirstSource were worth $2,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. TFB Advisors LLC grew its holdings in shares of Builders FirstSource by 2.1% during the 4th quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after purchasing an additional 79 shares during the last quarter. Washburn Capital Management Inc. bought a new stake in Builders FirstSource in the 4th quarter worth $266,000. Lecap Asset Management Ltd. grew its holdings in 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 acquiring an additional 9,970 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Builders FirstSource by 1.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,384 shares of the company’s stock worth $1,770,000 after acquiring an additional 199 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in Builders FirstSource in the 4th quarter worth $12,625,000. Institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BLDR shares. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Stephens lifted their target price 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. UBS Group started coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 target price on the stock. Raymond James started coverage on shares of Builders FirstSource in a research report on Friday, January 17th. They set an “outperform” rating and a $180.00 price target for the company. Finally, Oppenheimer reissued an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $205.71.

Builders FirstSource Trading Down 3.4 %

Shares of BLDR stock opened at $150.88 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The firm has a market capitalization of $17.36 billion, a PE ratio of 14.73, a P/E/G ratio of 0.89 and a beta of 2.12. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The business’s fifty day moving average price is $157.69 and its 200 day moving average price is $171.23.

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.