UniSuper Management Pty Ltd Buys 4,762 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

UniSuper Management Pty Ltd raised its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 328.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,212 shares of the company’s stock after purchasing an additional 4,762 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Builders FirstSource were worth $1,296,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BLDR. Vanguard Group Inc. increased its holdings in Builders FirstSource by 15.7% during the 4th 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. Westfield Capital Management Co. LP increased its stake in shares of Builders FirstSource by 11.2% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,416,611 shares of the company’s stock valued at $236,489,000 after buying an additional 143,041 shares during the period. Boston Partners raised its holdings in shares of Builders FirstSource by 73.5% during 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. Norges Bank purchased a new stake in Builders FirstSource in the fourth quarter worth $212,209,000. Finally, Frontier Capital Management Co. LLC boosted its holdings in 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. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BLDR. Robert W. Baird dropped their target price on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Barclays cut their price objective on Builders FirstSource from $200.00 to $188.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Jefferies Financial Group upped their target price on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. Finally, DA Davidson restated a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $191.67.

Builders FirstSource Stock Up 1.9 %

Shares of BLDR traded up $3.02 during trading hours on Tuesday, hitting $163.88. The company had a trading volume of 1,582,319 shares, compared to its average volume of 1,610,625. Builders FirstSource, Inc. has a 52-week low of $105.24 and a 52-week high of $214.70. The firm has a fifty day moving average price of $151.23 and a 200-day moving average price of $173.97. The stock has a market capitalization of $20.00 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 2.54 and a beta of 2.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the previous year, the company earned $2.96 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 12.93 EPS for the current fiscal year.

Insider Activity at Builders FirstSource

In other news, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 30,106 shares in the company, valued at $4,794,380.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the sale, the insider now owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the sale, the insider now owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

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.