Sciencast Management LP Makes New Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Sciencast Management LP bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,025 shares of the company’s stock, valued at approximately $1,257,000.

A number of other large investors have also recently made changes to their positions in BLDR. Vanguard Group Inc. boosted its stake in shares of Builders FirstSource by 15.7% during the fourth quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after purchasing an additional 1,985,297 shares during the period. Norges Bank purchased a new stake in shares of Builders FirstSource during the fourth quarter valued at $212,209,000. Boston Partners raised its holdings in shares of Builders FirstSource by 73.5% in the fourth quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after acquiring an additional 578,961 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Builders FirstSource by 152.9% in the fourth quarter. Hsbc Holdings PLC now owns 489,047 shares of the company’s stock valued at $81,628,000 after acquiring an additional 295,643 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of Builders FirstSource by 34.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock valued at $189,268,000 after acquiring an additional 292,966 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Up 4.0 %

Shares of BLDR stock traded up $5.91 during trading hours on Friday, reaching $152.80. 2,897,331 shares of the company’s stock were exchanged, compared to its average volume of 1,593,569. Builders FirstSource, Inc. has a 1 year low of $105.24 and a 1 year high of $214.70. The stock has a market cap of $18.65 billion, a PE ratio of 13.08, a PEG ratio of 2.20 and a beta of 2.04. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. The stock’s fifty day moving average price is $152.85 and its two-hundred day moving average price is $174.08.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the firm earned $2.96 earnings per share. The company’s revenue was up .2% on a year-over-year basis. Research analysts predict that Builders FirstSource, Inc. will post 12.93 EPS for the current year.

Insider Transactions at Builders FirstSource

In related news, insider Michael Hiller sold 4,875 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value of $776,343.75. Following the sale, the insider now owns 30,106 shares in the company, valued at $4,794,380.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Michael Hiller sold 4,875 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value of $776,343.75. Following the sale, the insider now owns 30,106 shares in the company, valued at $4,794,380.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the sale, the insider now owns 22,667 shares in the company, valued at approximately $3,855,883.37. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

BLDR has been the subject of several recent research reports. Jefferies Financial Group lifted their price objective on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Robert W. Baird decreased their price objective on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. Finally, Wedbush decreased their price objective on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $191.67.

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.