Tocqueville Asset Management L.P. Has $17.57 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Tocqueville Asset Management L.P. raised its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 42.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,930 shares of the company’s stock after acquiring an additional 36,359 shares during the period. Tocqueville Asset Management L.P. owned approximately 0.11% of Builders FirstSource worth $17,570,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after acquiring an additional 134 shares in the last quarter. Mountain Lake Investment Management LLC increased its holdings in shares of Builders FirstSource by 7.0% during the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock worth $5,201,000 after buying an additional 2,367 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Builders FirstSource by 14.9% during the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock valued at $28,084,000 after acquiring an additional 25,535 shares in the last quarter. Fiera Capital Corp bought a new stake in Builders FirstSource during the 4th quarter worth $27,089,000. Finally, Lecap Asset Management Ltd. boosted its stake in shares of Builders FirstSource by 82.6% during the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock valued at $3,151,000 after purchasing an additional 9,970 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BLDR. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. BMO Capital Markets lowered their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research report on Monday, February 24th. Benchmark reduced their price target on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada lowered their price objective on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Finally, Loop Capital reduced their target price on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Trading Up 1.7 %

Shares of Builders FirstSource stock opened at $128.32 on Tuesday. The stock has a fifty day moving average price of $149.62 and a 200-day moving average price of $167.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The firm has a market cap of $14.58 billion, a PE ratio of 14.16, a P/E/G ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 1 year low of $122.49 and a 1 year high of $214.70.

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

Builders FirstSource Company 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.