Wedge Capital Management L L P NC Has $11.23 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Wedge Capital Management L L P NC raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 21.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,242 shares of the company's stock after acquiring an additional 11,695 shares during the quarter. Wedge Capital Management L L P NC owned about 0.05% of Builders FirstSource worth $11,225,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Telemus Capital LLC grew its stake in Builders FirstSource by 3.3% in the 4th quarter. Telemus Capital LLC now owns 52,468 shares of the company's stock valued at $8,759,000 after buying an additional 1,676 shares during the last quarter. Duality Advisers LP grew its position in shares of Builders FirstSource by 40.6% in the fourth quarter. Duality Advisers LP now owns 30,629 shares of the company's stock valued at $5,113,000 after purchasing an additional 8,841 shares during the last quarter. LRT Capital Management LLC increased its stake in shares of Builders FirstSource by 48.6% in the fourth quarter. LRT Capital Management LLC now owns 3,820 shares of the company's stock worth $638,000 after purchasing an additional 1,249 shares during the period. CWM LLC lifted its position in shares of Builders FirstSource by 14.9% during the 4th quarter. CWM LLC now owns 2,908 shares of the company's stock worth $485,000 after purchasing an additional 378 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Builders FirstSource by 16.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,105 shares of the company's stock valued at $2,021,000 after purchasing an additional 1,688 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Price Performance

Builders FirstSource stock traded up $9.21 during trading hours on Tuesday, hitting $187.42. 1,911,928 shares of the stock were exchanged, compared to its average volume of 1,254,776. Builders FirstSource, Inc. has a 12 month low of $90.10 and a 12 month high of $214.70. The business's 50-day moving average is $195.12 and its two-hundred day moving average is $163.80. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. The stock has a market capitalization of $22.85 billion, a P/E ratio of 15.62, a P/E/G ratio of 1.08 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating analysts' consensus estimates of $2.70 by $0.85. The firm had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. Equities research analysts expect that Builders FirstSource, Inc. will post 13.84 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on BLDR. Barclays increased their price objective on Builders FirstSource from $235.00 to $240.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. Jefferies Financial Group boosted their price objective on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a "buy" rating in a report on Thursday, April 18th. Royal Bank of Canada increased their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Truist Financial boosted their price target on Builders FirstSource from $185.00 to $190.00 and gave the company a "hold" rating in a research note on Friday, February 23rd. Finally, StockNews.com raised Builders FirstSource from a "hold" rating to a "buy" rating in a report on Wednesday, February 21st. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $190.06.

Insider Activity at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the sale, the director now directly owns 28,738 shares of the company's stock, valued at $5,747,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

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.