Weiss Asset Management LP Purchases Shares of 54,478 Builders FirstSource, Inc. (NYSE:BLDR)

Weiss Asset Management LP bought a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,478 shares of the company's stock, valued at approximately $10,561,000.

A number of other institutional investors have also recently modified their holdings of BLDR. Cyndeo Wealth Partners LLC lifted its holdings in Builders FirstSource by 3.7% in the third quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company's stock valued at $305,000 after acquiring an additional 56 shares during the period. World Equity Group Inc. grew its holdings in Builders FirstSource by 4.1% during the 3rd quarter. World Equity Group Inc. now owns 1,632 shares of the company's stock valued at $316,000 after buying an additional 64 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Builders FirstSource by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company's stock worth $4,296,000 after purchasing an additional 64 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Builders FirstSource by 0.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company's stock valued at $1,417,000 after acquiring an additional 74 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in Builders FirstSource by 42.1% during 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 during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BLDR shares. Loop Capital boosted their price target on Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. Jefferies Financial Group boosted their price target on Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Stifel Nicolaus dropped their price target on Builders FirstSource from $217.00 to $195.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Wedbush reiterated an "outperform" rating and set a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, November 6th. Finally, Barclays boosted their price target on Builders FirstSource from $182.00 to $211.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Four 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 stock. Based on data from MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and a consensus target price of $206.47.

Insider Activity

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction 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 owns 33,083 shares of the company's stock, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.80% of the company's stock.

Builders FirstSource Trading Down 0.1 %

Shares of BLDR traded down $0.14 during trading hours on Friday, hitting $175.75. The stock had a trading volume of 599,938 shares, compared to its average volume of 1,536,937. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The firm has a market cap of $20.23 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.03 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The company's fifty day simple moving average is $184.36 and its 200 day simple moving average is $168.85.

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 company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the business posted $4.24 EPS. The business's revenue for the quarter was down 6.7% on a year-over-year basis. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

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.