Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 26.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,966 shares of the company’s stock after acquiring 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.

Other hedge funds have also modified their holdings of the company. AMF Tjanstepension AB acquired a new stake in shares of Builders FirstSource in the third quarter worth about $1,471,000. CWM LLC grew its stake in shares of Builders FirstSource by 100.2% in the 3rd quarter. CWM LLC now owns 6,287 shares of the company’s stock valued at $1,219,000 after purchasing an additional 3,146 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Builders FirstSource by 33.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,580 shares of the company’s stock valued at $2,051,000 after purchasing an additional 2,633 shares during the period. Creative Planning grew its stake in shares of Builders FirstSource by 35.6% in the 3rd quarter. Creative Planning now owns 12,963 shares of the company’s stock valued at $2,513,000 after purchasing an additional 3,406 shares during the period. Finally, Swedbank AB boosted its holdings in shares of Builders FirstSource by 20.6% in the 3rd quarter. Swedbank AB now owns 45,465 shares of the company’s stock worth $8,814,000 after acquiring an additional 7,774 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $150.88 on Thursday. The firm has a fifty day moving average price of $157.69 and a 200-day moving average price of $171.23. 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 stock has a market cap of $17.36 billion, a PE ratio of 14.73, a price-to-earnings-growth 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.

Wall Street Analyst Weigh In

Several research firms have issued reports on BLDR. Royal Bank of Canada upped their price objective on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. 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. DA Davidson raised their price objective on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Robert W. Baird lifted their price target on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Wedbush reiterated an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. Four investment 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.