Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. raised its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 392.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,221 shares of the company's stock after purchasing an additional 6,553 shares during the quarter. Benjamin Edwards Inc.'s holdings in Builders FirstSource were worth $1,594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Forsta AP Fonden lifted its holdings in Builders FirstSource by 12.1% during the third quarter. Forsta AP Fonden now owns 26,800 shares of the company's stock valued at $5,195,000 after purchasing an additional 2,900 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Builders FirstSource by 18.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company's stock worth $16,055,000 after purchasing an additional 18,223 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Builders FirstSource by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company's stock worth $152,343,000 after buying an additional 16,000 shares in the last quarter. AMF Tjanstepension AB acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $1,471,000. Finally, Retireful LLC purchased a new position in shares of Builders FirstSource in the third quarter worth about $802,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the transaction, the director now owns 33,083 shares in the company, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Oppenheimer restated an "outperform" rating and issued a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. The Goldman Sachs Group initiated coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They set a "buy" rating and a $225.00 price target for the company. Bank of America increased their price objective on Builders FirstSource from $165.00 to $198.00 and gave the stock a "neutral" rating in a research report on Thursday, September 19th. Robert W. Baird lifted their target price on Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Finally, Stephens increased their price target on Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating, fifteen have given 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 a consensus rating of "Moderate Buy" and an average target price of $206.47.

Builders FirstSource Trading Down 0.3 %

Shares of BLDR traded down $0.58 on Friday, hitting $175.31. 414,982 shares of the stock traded hands, compared to its average volume of 1,536,529. The firm has a market capitalization of $20.18 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.03 and a beta of 2.06. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. The stock's 50 day moving average is $184.36 and its two-hundred day moving average is $168.85.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly 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). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the business posted $4.24 earnings per share. The firm's quarterly revenue was down 6.7% on a year-over-year basis. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.

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.