Miracle Mile Advisors LLC Takes $405,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

Miracle Mile Advisors LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,835 shares of the company's stock, valued at approximately $405,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BLDR. Salem Investment Counselors Inc. grew its position in Builders FirstSource by 19.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 3,280 shares of the company's stock valued at $469,000 after acquiring an additional 545 shares during the period. Capital Investment Advisors LLC increased its position in shares of Builders FirstSource by 6.2% during the fourth quarter. Capital Investment Advisors LLC now owns 10,492 shares of the company's stock worth $1,500,000 after acquiring an additional 609 shares during the last quarter. Paragon Advisors LLC raised its stake in shares of Builders FirstSource by 9.6% in the 4th quarter. Paragon Advisors LLC now owns 15,021 shares of the company's stock valued at $2,147,000 after purchasing an additional 1,310 shares in the last quarter. Czech National Bank raised its stake in Builders FirstSource by 5.2% during the fourth quarter. Czech National Bank now owns 24,953 shares of the company's stock valued at $3,567,000 after buying an additional 1,231 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Builders FirstSource by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,835 shares of the company's stock worth $548,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Insider Buying and Selling

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 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 directly owns 33,083 shares of the company's stock, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.80% of the company's stock.

Builders FirstSource Price Performance

NYSE BLDR traded down $0.93 on Thursday, reaching $160.61. The company's stock had a trading volume of 1,247,669 shares, compared to its average volume of 1,679,377. The firm's 50 day moving average is $164.27 and its two-hundred day moving average is $169.09. The stock has a market cap of $18.48 billion, a PE ratio of 15.68, a PEG ratio of 0.75 and a beta of 2.11. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share 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 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 company's quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the business 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 year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BLDR shares. Stephens boosted 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. DA Davidson increased their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Stifel Nicolaus restated a "buy" rating and issued a $175.00 target price on shares of Builders FirstSource in a research report on Wednesday, January 8th. Loop Capital boosted their price target on Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. Finally, Jefferies Financial Group increased their price target on Builders FirstSource from $185.00 to $223.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of "Moderate Buy" and an average price target of $207.31.

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.