Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 38.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 201,306 shares of the company's stock after buying an additional 56,009 shares during the period. Principal Financial Group Inc. owned approximately 0.17% of Builders FirstSource worth $39,025,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mountaineer Partners Management LLC acquired a new stake in Builders FirstSource during the 3rd quarter worth about $2,099,877,000. FMR LLC boosted its stake in shares of Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company's stock worth $1,969,259,000 after acquiring an additional 3,186,876 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Builders FirstSource by 23.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company's stock valued at $282,697,000 after purchasing an additional 277,897 shares during the period. Baillie Gifford & Co. purchased a new stake in Builders FirstSource in the 3rd quarter worth $267,132,000. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Builders FirstSource during the third quarter worth about $255,867,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now owns 33,083 shares of the company's stock, 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 Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Loop Capital boosted their target price on Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Wedbush reiterated an "outperform" rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Stephens boosted their price objective on Builders FirstSource from $178.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. DA Davidson increased their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and a consensus price target of $210.00.

Builders FirstSource Price Performance

Builders FirstSource stock traded down $0.21 during mid-day trading on Tuesday, reaching $148.82. The company had a trading volume of 588,809 shares, compared to its average volume of 1,545,311. The stock's 50-day simple moving average is $175.89 and its 200-day simple moving average is $169.17. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. 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 company has a market capitalization of $17.13 billion, a P/E ratio of 14.53, a P/E/G ratio of 0.96 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued 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). 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 during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the company posted $4.24 earnings per share. Builders FirstSource's revenue was down 6.7% on a year-over-year basis. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.55 EPS 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.