Assenagon Asset Management S.A. Has $27.97 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Assenagon Asset Management S.A. grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 211.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 195,658 shares of the company's stock after purchasing an additional 132,913 shares during the period. Assenagon Asset Management S.A. owned about 0.17% of Builders FirstSource worth $27,965,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research analysts have recently commented on BLDR shares. Stephens increased their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Bank of America raised their target price on Builders FirstSource from $165.00 to $198.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. Jefferies Financial Group increased their price objective on Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Robert W. Baird upped their target price on Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group assumed 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 on the stock. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $205.71.

Builders FirstSource Stock Performance

BLDR stock traded up $4.28 during midday trading on Friday, hitting $164.94. The stock had a trading volume of 449,372 shares, compared to its average volume of 1,561,040. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The stock has a 50-day simple moving average of $164.27 and a 200 day simple moving average of $169.09. The firm has a market capitalization of $18.98 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 0.75 and a beta of 2.11.

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 the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the firm posted $4.24 earnings per share. Builders FirstSource's revenue was down 6.7% on a year-over-year basis. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.55 earnings per share for the current year.

Insider Transactions at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource 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 transaction, the director now directly owns 33,083 shares of the company's stock, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by insiders.

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.