Argent Capital Management LLC Raises Position in Builders FirstSource, Inc. (NYSE:BLDR)

Argent Capital Management LLC grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,952 shares of the company's stock after buying an additional 3,320 shares during the period. Argent Capital Management LLC's holdings in Builders FirstSource were worth $5,282,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BLDR. JPMorgan Chase & Co. lifted its holdings in 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 purchasing an additional 58,436 shares during the last quarter. Forsta AP Fonden lifted its holdings in Builders FirstSource by 12.1% during the 3rd quarter. Forsta AP Fonden now owns 26,800 shares of the company's stock worth $5,195,000 after purchasing an additional 2,900 shares during the last quarter. Oak Thistle LLC acquired a new stake in Builders FirstSource during the 4th quarter worth approximately $1,136,000. Principal Financial Group Inc. lifted its holdings in Builders FirstSource by 38.5% during the 3rd quarter. Principal Financial Group Inc. now owns 201,306 shares of the company's stock worth $39,025,000 after purchasing an additional 56,009 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Builders FirstSource by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company's stock worth $152,343,000 after purchasing an additional 16,000 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director now directly owns 33,083 shares of the company's stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Builders FirstSource Stock Down 0.6 %

BLDR traded down $0.93 during midday trading on Thursday, reaching $160.61. 1,247,308 shares of the company were exchanged, compared to its average volume of 1,679,244. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The company's fifty day moving average price is $164.64 and its 200 day moving average price is $169.15. The company has a market cap of $18.48 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 0.75 and a beta of 2.11. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). The company 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 period in the prior year, the firm posted $4.24 earnings per share. As a group, analysts expect that Builders FirstSource, Inc. will post 11.55 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday. Stephens raised their price objective on Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Barclays lowered their price objective on Builders FirstSource from $211.00 to $188.00 and set an "overweight" rating on the stock in a research note on Thursday. Bank of America raised their price objective on Builders FirstSource from $165.00 to $198.00 and gave the stock a "neutral" rating in a research note on Thursday, September 19th. Finally, Wedbush restated an "outperform" rating and set a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $207.31.

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.