MML Investors Services LLC Buys 11,687 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

MML Investors Services LLC increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 97.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,644 shares of the company's stock after purchasing an additional 11,687 shares during the period. MML Investors Services LLC's holdings in Builders FirstSource were worth $3,379,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BLDR. Smartleaf Asset Management LLC raised its holdings in shares of 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 during the period. Mountain Lake Investment Management LLC grew its holdings in 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 purchasing an additional 2,367 shares during the period. Fisher Asset Management LLC increased 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 worth $28,084,000 after acquiring an additional 25,535 shares during the last quarter. Fiera Capital Corp bought a new stake in shares of Builders FirstSource during the 4th quarter worth about $27,089,000. Finally, Lecap Asset Management Ltd. lifted its holdings in Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock worth $3,151,000 after purchasing an additional 9,970 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BLDR has been the subject of a number of recent analyst reports. Loop Capital cut their target price on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price objective on the stock. BMO Capital Markets decreased their price objective on shares of 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. The Goldman Sachs Group cut their target price on 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, Barclays cut their price objective on shares of Builders FirstSource from $165.00 to $151.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $185.21.

Builders FirstSource Stock Performance

NYSE:BLDR traded down $0.96 on Wednesday, reaching $119.28. 1,975,065 shares of the company's stock were exchanged, compared to its average volume of 1,685,685. The stock has a fifty day simple moving average of $126.24 and a 200-day simple moving average of $152.81. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 52 week low of $110.84 and a 52 week high of $203.14. The firm has a market cap of $13.57 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share 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.