Kovitz Investment Group Partners LLC Has $9.89 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Kovitz Investment Group Partners LLC grew its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,398 shares of the company's stock after acquiring an additional 3,091 shares during the period. Kovitz Investment Group Partners LLC's holdings in Builders FirstSource were worth $9,886,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Innealta Capital LLC bought a new stake in Builders FirstSource during the 2nd quarter worth about $27,000. Brooklyn Investment Group bought a new stake in shares of Builders FirstSource during the third quarter valued at approximately $28,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Builders FirstSource in the third quarter valued at approximately $30,000. First Horizon Advisors Inc. raised its position in Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company's stock worth $35,000 after purchasing an additional 75 shares during the last quarter. Finally, New Millennium Group LLC acquired a new position in Builders FirstSource during the 2nd quarter worth $38,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction on 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 owns 33,083 shares in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BLDR shares. Oppenheimer restated an "outperform" rating and set a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Truist Financial raised Builders FirstSource from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Stephens lifted their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Bank of America increased their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. Finally, Loop Capital lifted their target price on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $210.00.

Builders FirstSource Stock Down 0.0 %

Shares of NYSE:BLDR traded down $0.07 during trading on Friday, hitting $175.82. 981,648 shares of the company's stock traded hands, compared to its average volume of 1,085,057. 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 company has a 50-day moving average price of $183.99 and a 200-day moving average price of $168.90. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The company has a market cap of $20.23 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 0.99 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly 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 company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the company earned $4.24 EPS. The firm's quarterly revenue was down 6.7% compared to the same quarter last year. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

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.