Oakworth Capital Inc. Grows Position in Builders FirstSource, Inc. (NYSE:BLDR)

Oakworth Capital Inc. raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 212,582 shares of the company’s stock after acquiring an additional 1,323 shares during the period. Builders FirstSource makes up 2.1% of Oakworth Capital Inc.’s investment portfolio, making the stock its 16th largest position. Oakworth Capital Inc. owned about 0.18% of Builders FirstSource worth $30,384,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mountaineer Partners Management LLC purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at about $2,099,877,000. FMR LLC raised its holdings in shares of Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after buying an additional 3,186,876 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Builders FirstSource by 23.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock valued at $282,697,000 after buying an additional 277,897 shares in the last quarter. Baillie Gifford & Co. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at about $267,132,000. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at about $255,867,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $162.32 on Thursday. The firm has a market capitalization of $18.68 billion, a PE ratio of 15.85, a P/E/G ratio of 0.92 and a beta of 2.12. 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 stock has a 50-day simple moving average of $160.51 and a two-hundred day simple moving average of $171.43. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the company posted $4.24 earnings per share. Builders FirstSource’s quarterly revenue was down 6.7% on a year-over-year basis. Analysts forecast that Builders FirstSource, Inc. will post 11.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BLDR. Raymond James began coverage on Builders FirstSource in a research note on Friday, January 17th. They issued an “outperform” rating and a $180.00 price target on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 price target on shares of Builders FirstSource in a research note on Wednesday, January 8th. Jefferies Financial Group lifted their price target on Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird lifted their price objective on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada lifted their price objective on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

Builders FirstSource Profile

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.