7,946 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Acquired by Oak Thistle LLC

Oak Thistle LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 7,946 shares of the company's stock, valued at approximately $1,136,000.

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

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of recent research reports. Jefferies Financial Group raised their target price on Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Wedbush reaffirmed an "outperform" rating and set a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. UBS Group began coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They issued a "buy" rating and a $232.00 target price for the company. Oppenheimer reissued an "outperform" rating and set a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They issued a "buy" rating and a $225.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $208.75.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded up $7.12 during midday trading on Wednesday, reaching $161.37. 3,693,576 shares of the company traded hands, compared to its average volume of 1,727,205. The firm's fifty day moving average price is $164.95 and its two-hundred day moving average price is $169.20. The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 0.96 and a beta of 2.11. 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 12 month low of $130.75 and a 12 month high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released 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 firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. Builders FirstSource's revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.24 earnings per share. On average, equities analysts expect that Builders FirstSource, Inc. will post 11.55 earnings per share for the current year.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred 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 sale, the director now directly 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. Insiders own 1.80% of the company's stock.

Builders FirstSource 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.