Caprock Group LLC Acquires Shares of 10,213 Builders FirstSource, Inc. $BLDR

Caprock Group LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel.com reports. The firm bought 10,213 shares of the company’s stock, valued at approximately $1,238,000.

Several other institutional investors and hedge funds have also modified their holdings of BLDR. State Street Corp raised its position in shares of Builders FirstSource by 0.6% during the 2nd quarter. State Street Corp now owns 5,026,553 shares of the company’s stock valued at $586,548,000 after purchasing an additional 29,443 shares during the period. Brave Warrior Advisors LLC increased its position in Builders FirstSource by 47.2% during the second quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock valued at $213,223,000 after acquiring an additional 585,683 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Builders FirstSource by 5.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,556,151 shares of the company’s stock worth $181,587,000 after buying an additional 74,681 shares during the period. Norges Bank purchased a new position in Builders FirstSource in the 2nd quarter worth about $147,994,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Builders FirstSource by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 924,296 shares of the company’s stock worth $107,856,000 after purchasing an additional 14,430 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

BLDR has been the subject of a number of analyst reports. DA Davidson decreased their target price on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, January 21st. BMO Capital Markets decreased their price target on shares of Builders FirstSource from $130.00 to $123.00 in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Finally, Loop Capital cut their price objective on shares of Builders FirstSource from $145.00 to $140.00 in a report on Friday, October 31st. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $134.02.

Builders FirstSource Price Performance

NYSE:BLDR opened at $115.06 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. Builders FirstSource, Inc. has a 52-week low of $94.35 and a 52-week high of $157.96. The company has a market cap of $12.72 billion, a P/E ratio of 21.92, a P/E/G ratio of 14.36 and a beta of 1.56. The stock’s 50-day simple moving average is $114.19 and its 200 day simple moving average is $120.73.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.