Everence Capital Management Inc. Invests $470,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Everence Capital Management Inc. bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,290 shares of the company’s stock, valued at approximately $470,000.

Several other hedge funds have also bought and sold shares of BLDR. GAMMA Investing LLC increased its holdings in shares of Builders FirstSource by 9.2% in the fourth quarter. GAMMA Investing LLC now owns 1,157 shares of the company’s stock valued at $165,000 after purchasing an additional 97 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Builders FirstSource by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after buying an additional 58,436 shares during the period. Principal Financial Group Inc. grew its stake in Builders FirstSource by 38.5% in the 3rd quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock valued at $39,025,000 after buying an additional 56,009 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Builders FirstSource by 18.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,270 shares of the company’s stock valued at $639,000 after acquiring an additional 500 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new stake in Builders FirstSource during the third quarter worth approximately $547,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Up 1.4 %

Shares of NYSE BLDR opened at $144.03 on Monday. The company has a market cap of $16.58 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 0.96 and a beta of 2.11. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The stock has a 50-day moving average price of $169.12 and a two-hundred day moving average price of $168.80.

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

Insider Activity at Builders FirstSource

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays increased their target price on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird lifted their target price on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. UBS Group assumed coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price target on the stock. Oppenheimer restated an “outperform” rating and set a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target for the company. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $210.00.

Builders FirstSource 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.