Lecap Asset Management Ltd. Purchases 9,970 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Lecap Asset Management Ltd. increased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 82.6% during the 4th 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 acquiring an additional 9,970 shares during the quarter. Builders FirstSource comprises about 0.9% of Lecap Asset Management Ltd.’s investment portfolio, making the stock its 20th biggest 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 and hedge funds have also recently bought and sold shares of the company. Mountaineer Partners Management LLC bought a new position in Builders FirstSource in the 3rd quarter worth approximately $2,099,877,000. FMR LLC boosted its holdings in Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after purchasing an additional 3,186,876 shares during the period. Massachusetts Financial Services Co. MA grew its position in Builders FirstSource by 23.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock worth $282,697,000 after purchasing an additional 277,897 shares during the last quarter. Baillie Gifford & Co. bought a new position in shares of Builders FirstSource during the 3rd quarter worth about $267,132,000. Finally, Diamond Hill Capital Management Inc. acquired a new position in shares of Builders FirstSource during the third quarter valued at about $255,867,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BLDR. Stephens lifted their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. DA Davidson upped their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Barclays dropped their price objective on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

Builders FirstSource Trading Down 1.6 %

Shares of BLDR opened at $159.55 on Friday. The stock has a fifty day moving average price of $160.01 and a two-hundred day moving average price of $171.35. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The company has a market cap of $18.36 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.92 and a beta of 2.12. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued 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). The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the company earned $4.24 EPS. Analysts predict that Builders FirstSource, Inc. will post 11.52 EPS for the current fiscal 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.