Builders FirstSource, Inc. (BLDR) Stake Increased by Cipher Capital LP

Cipher Capital LP lifted its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 39.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,283 shares of the company’s stock after buying an additional 16,148 shares during the quarter. Cipher Capital LP owned approximately 0.05% of Builders FirstSource worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Alps Advisors Inc. grew its position in shares of Builders FirstSource by 0.3% during the second quarter. Alps Advisors Inc. now owns 31,670 shares of the company’s stock worth $485,000 after buying an additional 82 shares in the last quarter. 1st Global Advisors Inc. grew its position in shares of Builders FirstSource by 1.0% during the second quarter. 1st Global Advisors Inc. now owns 13,694 shares of the company’s stock worth $210,000 after buying an additional 137 shares in the last quarter. Suntrust Banks Inc. grew its position in shares of Builders FirstSource by 1.9% during the second quarter. Suntrust Banks Inc. now owns 27,934 shares of the company’s stock worth $427,000 after buying an additional 515 shares in the last quarter. Wall Street Access Asset Management LLC grew its position in shares of Builders FirstSource by 5.0% during the second quarter. Wall Street Access Asset Management LLC now owns 16,800 shares of the company’s stock worth $257,000 after buying an additional 800 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in shares of Builders FirstSource by 17.3% during the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after buying an additional 1,253 shares in the last quarter. 89.17% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating on shares of Builders FirstSource in a research report on Wednesday, November 1st. Citigroup Inc. raised their price target on shares of Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Deutsche Bank AG raised their price target on shares of Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. BidaskClub downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $20.00.

Builders FirstSource, Inc. (NASDAQ BLDR) opened at $19.50 on Friday. The company has a market cap of $2,204.61, a price-to-earnings ratio of 18.95 and a beta of 2.14. The company has a quick ratio of 1.06, a current ratio of 1.86 and a debt-to-equity ratio of 4.46. Builders FirstSource, Inc. has a 1-year low of $10.51 and a 1-year high of $19.78.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. equities analysts forecast that Builders FirstSource, Inc. will post 1.06 EPS for the current year.

In other Builders FirstSource news, CEO Floyd F. Sherman sold 40,000 shares of Builders FirstSource stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $19.43, for a total value of $777,200.00. Following the completion of the transaction, the chief executive officer now owns 623,635 shares of the company’s stock, valued at $12,117,228.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Donald F. Mcaleenan sold 166,714 shares of Builders FirstSource stock in a transaction on Monday, November 13th. The stock was sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the completion of the transaction, the senior vice president now directly owns 179,805 shares of the company’s stock, valued at approximately $3,265,258.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,010,466 shares of company stock valued at $227,428,788. 14.60% of the stock is currently owned by corporate insiders.

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About Builders FirstSource

Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.

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Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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