Highland Capital Management LLC Has $5.39 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Highland Capital Management LLC grew its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 24.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,690 shares of the company's stock after purchasing an additional 7,340 shares during the quarter. Highland Capital Management LLC's holdings in Builders FirstSource were worth $5,387,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group bought a new stake in Builders FirstSource in the third quarter valued at $28,000. Armstrong Advisory Group Inc. bought a new position in Builders FirstSource in the 3rd quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $33,000. Reston Wealth Management LLC acquired a new stake in shares of Builders FirstSource in the third quarter valued at approximately $39,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Builders FirstSource during the third quarter valued at approximately $46,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded up $3.09 during trading hours on Thursday, hitting $171.71. 695,274 shares of the stock were exchanged, compared to its average volume of 1,568,562. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70. The company's 50 day moving average is $162.21 and its 200 day moving average is $171.19. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The firm has a market capitalization of $19.76 billion, a P/E ratio of 16.89, a P/E/G ratio of 0.90 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $4.44 billion. During the same period in the prior year, the firm earned $4.24 earnings per share. The business's quarterly revenue was down 6.7% on a year-over-year basis. On average, research analysts expect that Builders FirstSource, Inc. will post 11.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BLDR shares. Stifel Nicolaus reissued a "buy" rating and issued a $175.00 price objective on shares of Builders FirstSource in a report on Wednesday, January 8th. DA Davidson lifted their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Barclays lowered their target price on Builders FirstSource from $211.00 to $188.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Finally, Wedbush restated an "outperform" rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Builders FirstSource has an average rating of "Moderate Buy" and an average price target of $205.71.

Insider Activity at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.80% of the company's stock.

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.