Gateway Investment Advisers LLC Has $578,000 Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Gateway Investment Advisers LLC boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 30.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,045 shares of the company’s stock after buying an additional 936 shares during the period. Gateway Investment Advisers LLC’s holdings in Builders FirstSource were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Miracle Mile Advisors LLC acquired a new position in shares of Builders FirstSource in the 4th quarter valued at about $405,000. JPMorgan Chase & Co. increased its stake in Builders FirstSource by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock valued at $153,766,000 after buying an additional 58,436 shares during the period. Oak Thistle LLC purchased a new stake in Builders FirstSource in the 4th quarter worth approximately $1,136,000. Forsta AP Fonden boosted its stake in shares of Builders FirstSource by 12.1% during the 3rd quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock valued at $5,195,000 after buying an additional 2,900 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Builders FirstSource by 38.5% during the 3rd quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock valued at $39,025,000 after acquiring an additional 56,009 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the sale, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Builders FirstSource Stock Performance

NYSE BLDR opened at $164.09 on Friday. The company’s fifty day moving average is $163.99 and its two-hundred day moving average is $169.54. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The firm has a market capitalization of $18.88 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 0.75 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the firm posted $4.24 earnings per share. Builders FirstSource’s revenue was down 6.7% on a year-over-year basis. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.55 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. DA Davidson lifted their price objective on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Raymond James began coverage on Builders FirstSource in a report on Friday. They set an “outperform” rating and a $180.00 price target for the company. Stifel Nicolaus restated a “buy” rating and issued a $175.00 price objective on shares of Builders FirstSource in a report on Wednesday, January 8th. Stephens lifted their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada increased their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $205.71.

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.