FrontFour Capital Group LLC decreased its stake in Builders FirstSource, Inc. (NASDAQ:BLDR) by 19.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 171,379 shares of the company’s stock after selling 42,180 shares during the quarter. Builders FirstSource accounts for about 1.6% of FrontFour Capital Group LLC’s portfolio, making the stock its 14th largest position. FrontFour Capital Group LLC owned approximately 0.15% of Builders FirstSource worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in BLDR. Stephens Inc. AR raised its position in shares of Builders FirstSource by 10.6% during the fourth quarter. Stephens Inc. AR now owns 11,472 shares of the company’s stock worth $125,000 after purchasing an additional 1,100 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Builders FirstSource during the fourth quarter worth about $30,000. PNC Financial Services Group Inc. raised its position in shares of Builders FirstSource by 2,338.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,389 shares of the company’s stock worth $37,000 after purchasing an additional 3,250 shares during the period. IndexIQ Advisors LLC raised its position in shares of Builders FirstSource by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 114,579 shares of the company’s stock worth $1,682,000 after purchasing an additional 4,328 shares during the period. Finally, Raymond James & Associates raised its position in shares of Builders FirstSource by 5.6% during the fourth quarter. Raymond James & Associates now owns 88,313 shares of the company’s stock worth $963,000 after purchasing an additional 4,647 shares during the period. 94.35% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:BLDR opened at $13.51 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.88 and a debt-to-equity ratio of 2.59. The stock has a market cap of $1.58 billion, a P/E ratio of 7.11, a PEG ratio of 1.72 and a beta of 2.23. Builders FirstSource, Inc. has a 52-week low of $10.15 and a 52-week high of $21.24.
A number of research firms have recently commented on BLDR. BidaskClub lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Saturday. Buckingham Research initiated coverage on Builders FirstSource in a report on Monday, February 25th. They set a “neutral” rating and a $15.00 price objective for the company. Deutsche Bank downgraded Builders FirstSource from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $19.00 to $15.00 in a report on Tuesday, December 4th. Zacks Investment Research downgraded Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Monday, February 4th. Finally, DA Davidson downgraded Builders FirstSource from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $20.00 to $14.00 in a report on Thursday, January 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.77.
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Builders FirstSource Profile
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.
Further Reading: Systematic Risk
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