Tabor Asset Management LP Acquires 11,185 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Tabor Asset Management LP increased its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 56.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,874 shares of the company's stock after buying an additional 11,185 shares during the period. Builders FirstSource accounts for approximately 2.9% of Tabor Asset Management LP's investment portfolio, making the stock its 13th biggest holding. Tabor Asset Management LP's holdings in Builders FirstSource were worth $5,985,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BLDR. Innealta Capital LLC bought a new position in Builders FirstSource in the 2nd quarter valued at about $27,000. Brooklyn Investment Group bought a new position in Builders FirstSource in the 3rd quarter valued at about $28,000. Armstrong Advisory Group Inc. bought a new position in Builders FirstSource in the 3rd quarter valued at about $30,000. First Horizon Advisors Inc. lifted 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 valued at $35,000 after acquiring an additional 75 shares in the last quarter. Finally, New Millennium Group LLC bought a new position in Builders FirstSource in the 2nd quarter valued at about $38,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Shares of BLDR traded down $0.46 during mid-day trading on Friday, reaching $175.43. 446,094 shares of the stock traded hands, compared to its average volume of 1,536,645. The firm has a fifty day moving average price of $184.36 and a 200 day moving average price of $168.85. The company has a market cap of $20.19 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.03 and a beta of 2.06. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm's revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.24 earnings per share. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BLDR shares. Robert W. Baird lifted their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Barclays lifted their target price on shares of Builders FirstSource from $182.00 to $211.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Wedbush reissued an "outperform" rating and set a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group started coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They set a "buy" rating and a $225.00 target price on the stock. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $206.47.

Insider Buying and Selling

In other Builders FirstSource 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 completion of the sale, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.80% of the stock is owned by company insiders.

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.