Elo Mutual Pension Insurance Co Grows Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Elo Mutual Pension Insurance Co lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 9.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,814 shares of the company’s stock after buying an additional 972 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Builders FirstSource were worth $1,689,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BLDR. Brooklyn Investment Group bought a new stake in Builders FirstSource during the 3rd quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Builders FirstSource during the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource during the fourth quarter valued at approximately $34,000. Avion Wealth raised its holdings in Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after acquiring an additional 306 shares during the last quarter. Finally, Mather Group LLC. lifted its position in Builders FirstSource by 91.2% in the 4th quarter. Mather Group LLC. now owns 497 shares of the company’s stock valued at $71,000 after acquiring an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BLDR shares. Barclays decreased their price target on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Raymond James restated an “outperform” rating and set a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Loop Capital reduced their price target on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, February 24th. The Goldman Sachs Group lowered their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Royal Bank of Canada cut their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Price Performance

NYSE:BLDR opened at $124.53 on Friday. The business’s 50-day simple moving average is $145.58 and its two-hundred day simple moving average is $164.57. Builders FirstSource, Inc. has a 52 week low of $122.49 and a 52 week high of $210.00. The stock has a market cap of $14.15 billion, a PE ratio of 13.75, a P/E/G ratio of 0.80 and a beta of 2.19. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. As a group, analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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.