BerganKDV Wealth Management LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,000 shares of the company's stock, valued at approximately $54,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of Builders FirstSource by 1.3% in the first quarter. Principal Financial Group Inc. now owns 982,655 shares of the company's stock valued at $63,421,000 after purchasing an additional 12,393 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Builders FirstSource in the first quarter valued at approximately $332,000. AE Wealth Management LLC acquired a new position in shares of Builders FirstSource in the first quarter valued at approximately $627,000. Gibson Wealth Advisors LLC acquired a new position in shares of Builders FirstSource in the fourth quarter valued at approximately $26,000. Finally, National Bank of Canada FI grew its position in Builders FirstSource by 2,460.6% during the first quarter. National Bank of Canada FI now owns 250,320 shares of the company's stock worth $16,156,000 after buying an additional 240,544 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company's stock.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $56.61 on Thursday. The company has a current ratio of 2.09, a quick ratio of 1.27 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average price of $63.72 and a two-hundred day moving average price of $63.59. Builders FirstSource, Inc. has a 1-year low of $48.91 and a 1-year high of $86.48. The company has a market cap of $8.84 billion, a P/E ratio of 3.88 and a beta of 2.20.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BTIG Research downgraded Builders FirstSource from a "buy" rating to a "neutral" rating in a report on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Builders FirstSource in a research note on Wednesday, August 17th. They issued a "buy" rating and a $93.00 price target for the company. Barclays increased their price target on Builders FirstSource from $86.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, August 2nd. Wedbush reiterated an "outperform" rating and issued a $110.00 price target on shares of Builders FirstSource in a research note on Monday, August 1st. Finally, B. Riley increased their price target on Builders FirstSource from $71.00 to $75.00 in a research note on Tuesday, August 2nd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $91.77.

Builders FirstSource Company Profile

(Get Rating)

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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name.

Featured Stories

• Get a free copy of the StockNews.com research report on Builders FirstSource (BLDR)
• The Worst May be Over for Target, But is the Stock Safe to Buy?
• Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
• Two Fun Stocks The Insiders Are Buying
• Novavax Remains a Risk-On Stock in a Risk-Off Market
• General Mills: Superior Returns With Less Volatility

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR – Get Rating).

Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.