Grantham Mayo Van Otterloo & Co. LLC Decreases Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Grantham Mayo Van Otterloo & Co. LLC lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 178,320 shares of the company’s stock after selling 19,718 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.15% of Builders FirstSource worth $25,487,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. HighTower Advisors LLC boosted its holdings in Builders FirstSource by 0.3% in the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock valued at $4,296,000 after acquiring an additional 64 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Builders FirstSource by 52.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 3,039 shares of the company’s stock worth $589,000 after purchasing an additional 1,047 shares during the period. Quantinno Capital Management LP boosted its stake in shares of Builders FirstSource by 3.4% during the 3rd quarter. Quantinno Capital Management LP now owns 27,305 shares of the company’s stock valued at $5,293,000 after purchasing an additional 904 shares in the last quarter. Stifel Financial Corp increased its position in shares of Builders FirstSource by 33.9% during the third quarter. Stifel Financial Corp now owns 151,046 shares of the company’s stock valued at $29,282,000 after buying an additional 38,254 shares during the period. Finally, Wahed Invest LLC raised its stake in Builders FirstSource by 16.3% in the third quarter. Wahed Invest LLC now owns 2,914 shares of the company’s stock worth $565,000 after buying an additional 409 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BLDR shares. Benchmark reduced their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. BMO Capital Markets decreased their price objective on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. Stifel Nicolaus reduced their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $188.63.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $123.69 on Friday. The firm’s 50-day moving average price is $141.46 and its 200-day moving average price is $162.57. Builders FirstSource, Inc. has a 52-week low of $114.70 and a 52-week high of $206.02. The company has a market cap of $14.05 billion, a PE ratio of 13.65, a PEG ratio of 0.80 and a beta of 1.99. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.13. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. As a group, analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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.