Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Legato Capital Management LLC

Legato Capital Management LLC lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,180 shares of the company’s stock after buying an additional 228 shares during the quarter. Legato Capital Management LLC’s holdings in Builders FirstSource were worth $2,456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in BLDR. Miracle Mile Advisors LLC acquired a new position in Builders FirstSource during the 4th quarter worth $405,000. Lecap Asset Management Ltd. lifted its position in shares of Builders FirstSource by 82.6% during the fourth 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. JPMorgan Chase & Co. grew its stake in Builders FirstSource by 8.0% in the third 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 in the last quarter. Oak Thistle LLC bought a new stake in Builders FirstSource in the fourth quarter valued at about $1,136,000. Finally, Forsta AP Fonden increased its holdings in Builders FirstSource by 12.1% in the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock valued at $5,195,000 after buying an additional 2,900 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $156.26 on Wednesday. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The company has a market cap of $17.98 billion, a PE ratio of 15.26, a P/E/G ratio of 0.89 and a beta of 2.12. The stock has a 50 day simple moving average of $158.22 and a 200-day simple moving average of $171.37.

Analysts Set New Price Targets

BLDR has been the topic of a number of research analyst reports. Stephens increased 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. Barclays reduced their price objective on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. 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 for the company. Raymond James initiated coverage on shares of Builders FirstSource in a research report on Friday, January 17th. They issued an “outperform” rating and a $180.00 price target on the stock. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 price target on shares of Builders FirstSource in a report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and a consensus target price 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.