Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 33.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 151,046 shares of the company's stock after acquiring an additional 38,254 shares during the quarter. Stifel Financial Corp owned approximately 0.13% of Builders FirstSource worth $29,282,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Innealta Capital LLC acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $27,000. Brooklyn Investment Group acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $28,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $30,000. First Horizon Advisors Inc. boosted its position in shares of Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company's stock valued at $35,000 after purchasing an additional 75 shares during the period. Finally, New Millennium Group LLC acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $38,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the director now owns 33,083 shares of the company's stock, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by company insiders.

Builders FirstSource Price Performance

NYSE BLDR traded up $1.07 during mid-day trading on Monday, hitting $176.89. The stock had a trading volume of 986,746 shares, compared to its average volume of 1,536,682. 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 $20.36 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 0.98 and a beta of 2.06. The company has a 50 day simple moving average of $183.99 and a 200 day simple moving average of $168.92. 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 (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). The company had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business's quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.24 EPS. Equities analysts forecast that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

Analyst Ratings Changes

BLDR has been the subject of a number of research analyst reports. Wedbush reissued an "outperform" rating and issued a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, November 6th. StockNews.com raised Builders FirstSource from a "hold" rating to a "buy" rating in a research report on Wednesday, December 4th. Robert W. Baird increased their price objective on Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Royal Bank of Canada increased their price objective on Builders FirstSource from $178.00 to $187.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Finally, Loop Capital increased their target price on Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, September 20th. Three investment 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $210.00.

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.