JPMorgan Chase & Co. Has $153.77 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

JPMorgan Chase & Co. boosted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 8.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 793,182 shares of the company’s stock after buying an additional 58,436 shares during the period. JPMorgan Chase & Co.’s holdings in Builders FirstSource were worth $153,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDR. Brooklyn Investment Group bought a new stake in shares of Builders FirstSource in the third quarter valued at about $28,000. Armstrong Advisory Group Inc. bought a new stake in Builders FirstSource in the 3rd quarter valued at about $30,000. Reston Wealth Management LLC acquired a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $39,000. Brown Brothers Harriman & Co. bought a new position in shares of Builders FirstSource during the third quarter worth approximately $46,000. Finally, Mather Group LLC. raised its position in shares of Builders FirstSource by 340.7% in the third quarter. Mather Group LLC. now owns 260 shares of the company’s stock valued at $50,000 after buying an additional 201 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Builders FirstSource Trading Down 0.3 %

Shares of BLDR stock opened at $142.93 on Wednesday. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70. The stock’s fifty day simple moving average is $171.38 and its 200 day simple moving average is $169.07. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $16.45 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.96 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last released its quarterly 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). The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.24 earnings per share. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BLDR. Oppenheimer reissued an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Robert W. Baird raised their price target on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Loop Capital upped their price objective on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, December 16th. Finally, DA Davidson upped their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $210.00.

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.