Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 9.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,157 shares of the company’s stock after buying an additional 97 shares during the quarter. GAMMA Investing LLC’s holdings in Builders FirstSource were worth $165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. TD Asset Management Inc grew its position in shares of Builders FirstSource by 32.0% in the second quarter. TD Asset Management Inc now owns 61,202 shares of the company’s stock valued at $8,471,000 after purchasing an additional 14,834 shares during the last quarter. Private Advisor Group LLC grew its holdings in Builders FirstSource by 107.3% during the 2nd quarter. Private Advisor Group LLC now owns 9,999 shares of the company’s stock valued at $1,384,000 after buying an additional 5,176 shares during the last quarter. Choreo LLC acquired a new stake in Builders FirstSource during the 2nd quarter valued at $224,000. Daiwa Securities Group Inc. increased its position in Builders FirstSource by 1.3% during the second quarter. Daiwa Securities Group Inc. now owns 20,937 shares of the company’s stock worth $2,898,000 after buying an additional 278 shares in the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Builders FirstSource by 107.7% in the second quarter. Headlands Technologies LLC now owns 11,052 shares of the company’s stock worth $1,530,000 after acquiring an additional 5,730 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $143.57 on Thursday. The business has a 50-day moving average of $167.78 and a two-hundred day moving average of $168.95. The firm has a market capitalization of $16.52 billion, a PE ratio of 14.02, a P/E/G ratio of 0.96 and a beta of 2.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70.

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

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the 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 completion of the sale, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of analyst reports. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Tuesday. Royal Bank of Canada raised 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. Oppenheimer reiterated an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Stephens upped their price objective 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, Robert W. Baird lifted their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Three equities research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $208.75.

About Builders FirstSource

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.