PGGM Investments Invests $2.97 Million in Builders FirstSource, Inc. (NYSE:BLDR)

PGGM Investments purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 17,767 shares of the company's stock, valued at approximately $2,966,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of Builders FirstSource by 80.8% during the 3rd quarter. Invesco Ltd. now owns 1,956,109 shares of the company's stock valued at $243,516,000 after buying an additional 874,268 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of Builders FirstSource by 30,560.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company's stock valued at $69,506,000 after buying an additional 556,501 shares during the period. Jupiter Asset Management Ltd. lifted its holdings in shares of Builders FirstSource by 678.1% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 493,071 shares of the company's stock valued at $61,382,000 after buying an additional 429,699 shares during the period. AQR Capital Management LLC raised its holdings in Builders FirstSource by 19.5% in the 3rd quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company's stock worth $195,931,000 after purchasing an additional 256,609 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Builders FirstSource by 834.6% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 282,811 shares of the company's stock worth $35,207,000 after purchasing an additional 252,551 shares during the period. Institutional investors own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BLDR shares. Bank of America upgraded Builders FirstSource from a "neutral" rating to a "buy" rating and raised their price objective for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Wedbush boosted their target price on Builders FirstSource from $175.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, February 12th. Royal Bank of Canada boosted their target price on Builders FirstSource from $186.00 to $211.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. DA Davidson reaffirmed a "neutral" rating and set a $185.00 price target on shares of Builders FirstSource in a research note on Thursday, March 28th. Finally, StockNews.com raised shares of Builders FirstSource from a "hold" rating to a "buy" rating in a research note on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $190.06.

Insiders Place Their Bets

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

Builders FirstSource Stock Performance

NYSE:BLDR traded down $0.20 during mid-day trading on Monday, reaching $187.46. The stock had a trading volume of 901,267 shares, compared to its average volume of 1,240,433. 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 firm has a market capitalization of $22.87 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.16 and a beta of 2.04. Builders FirstSource, Inc. has a twelve month low of $92.13 and a twelve month high of $214.70. The business has a 50 day simple moving average of $195.26 and a 200 day simple moving average of $165.63.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, beating analysts' consensus estimates of $2.70 by $0.85. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.01 billion. On average, analysts expect that Builders FirstSource, Inc. will post 13.83 earnings per share for the current fiscal 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.