Builders FirstSource, Inc. (NYSE:BLDR) Stock Position Boosted by Legato Capital Management LLC

Legato Capital Management LLC grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,180 shares of the company’s stock after buying an additional 228 shares during the quarter. Legato Capital Management LLC’s holdings in Builders FirstSource were worth $2,456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new position in shares of Builders FirstSource during the third quarter valued at approximately $28,000. Armstrong Advisory Group Inc. bought a new position in Builders FirstSource during the 3rd quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Builders FirstSource during the 4th quarter valued at $33,000. Reston Wealth Management LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter worth $39,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Builders FirstSource in the third quarter valued at $46,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Up 0.3 %

NYSE:BLDR opened at $156.26 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The business’s fifty day moving average price is $158.22 and its 200 day moving average price is $171.37. The firm has a market capitalization of $17.98 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.89 and a beta of 2.12.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of research analyst reports. Stephens lifted 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. Barclays lowered their price objective on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. UBS Group began coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 target price for the company. Stifel Nicolaus restated a “buy” rating and set a $175.00 target price on shares of Builders FirstSource in a report on Wednesday, January 8th. Finally, Raymond James initiated coverage on Builders FirstSource in a report on Friday, January 17th. They issued an “outperform” rating and a $180.00 price target on the stock. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average target price 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.