Builders FirstSource, Inc. $BLDR Stock Position Increased by Candriam S.C.A.

Candriam S.C.A. raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 28.9% in the third quarter, HoldingsChannel reports. The firm owned 53,085 shares of the company’s stock after acquiring an additional 11,891 shares during the period. Candriam S.C.A.’s holdings in Builders FirstSource were worth $6,437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new position in shares of Builders FirstSource during the third quarter worth approximately $34,000. CYBER HORNET ETFs LLC acquired a new stake in Builders FirstSource in the 2nd quarter valued at approximately $38,000. MUFG Securities EMEA plc bought a new stake in Builders FirstSource during the 2nd quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Builders FirstSource during the 3rd quarter worth $44,000. Finally, Root Financial Partners LLC bought a new position in shares of Builders FirstSource in the third quarter worth $47,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BLDR shares. Benchmark lifted their price objective on shares of Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, October 31st. UBS Group dropped their price target on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. BMO Capital Markets reduced their price target on shares of Builders FirstSource from $130.00 to $123.00 in a research note on Wednesday, October 29th. Stifel Nicolaus lowered their price objective on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Finally, Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $133.77.

Builders FirstSource Stock Performance

Shares of BLDR opened at $128.41 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. The firm’s 50 day moving average is $113.66 and its 200-day moving average is $120.93. Builders FirstSource, Inc. has a 12-month low of $94.35 and a 12-month high of $159.00. The stock has a market capitalization of $14.20 billion, a P/E ratio of 24.46, a P/E/G ratio of 15.56 and a beta of 1.56.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.