Boston Private Wealth LLC Acquires Shares of 4,403 Builders FirstSource, Inc. (NYSE:BLDR)

Boston Private Wealth LLC bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,403 shares of the company’s stock, valued at approximately $227,000.

Several other hedge funds also recently bought and sold shares of BLDR. CENTRAL TRUST Co acquired a new stake in Builders FirstSource during the 3rd quarter valued at $26,000. Toronto Dominion Bank grew its stake in shares of Builders FirstSource by 39,900.0% during the second quarter. Toronto Dominion Bank now owns 800 shares of the company’s stock valued at $34,000 after acquiring an additional 798 shares in the last quarter. Goodwin Investment Advisory purchased a new stake in shares of Builders FirstSource during the third quarter worth about $52,000. Solstein Capital LLC lifted its stake in shares of Builders FirstSource by 337.3% in the second quarter. Solstein Capital LLC now owns 1,032 shares of the company’s stock worth $44,000 after acquiring an additional 796 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Builders FirstSource in the third quarter valued at about $103,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Several equities analysts have recently commented on BLDR shares. Robert W. Baird increased their target price on Builders FirstSource from $62.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, November 5th. Zelman & Associates upgraded shares of Builders FirstSource from a “sell” rating to a “buy” rating in a research note on Friday, November 5th. B. Riley boosted their target price on shares of Builders FirstSource from $74.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, December 9th. Royal Bank of Canada increased their price target on shares of Builders FirstSource from $70.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, November 5th. Finally, DA Davidson boosted their price objective on Builders FirstSource from $93.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, January 6th. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $85.92.

Shares of NYSE BLDR opened at $78.68 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.08 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average price is $76.16 and its two-hundred day moving average price is $59.81. Builders FirstSource, Inc. has a 52-week low of $37.46 and a 52-week high of $86.48. The stock has a market capitalization of $15.07 billion, a P/E ratio of 10.66 and a beta of 2.29.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, November 4th. The company reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.76. Builders FirstSource had a return on equity of 38.47% and a net margin of 8.00%. The business had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $4.83 billion. During the same period in the prior year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 140.0% on a year-over-year basis. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 9.26 earnings per share for the current year.

In other news, Director Floyd F. Sherman sold 38,000 shares of the business’s stock in a transaction on Friday, December 10th. The shares were sold at an average price of $78.85, for a total transaction of $2,996,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, sub-contractors, remodelers and consumers. The firm operates through the following segments: Northeast, Southeast, South and West. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, as well as engineered wood.

Featured Story: How Do You Calculate Return on Investment (ROI)?

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).

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

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.