Avanza Fonder AB Acquires Shares of 13,107 Builders FirstSource, Inc. (NYSE:BLDR)

Avanza Fonder AB bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,107 shares of the company’s stock, valued at approximately $1,873,000.

A number of other large investors also recently modified their holdings of the company. Gateway Investment Advisers LLC boosted its position in shares of Builders FirstSource by 30.1% during the fourth quarter. Gateway Investment Advisers LLC now owns 4,045 shares of the company’s stock valued at $578,000 after buying an additional 936 shares during the last quarter. Argent Capital Management LLC boosted its holdings in Builders FirstSource by 9.9% during the 4th quarter. Argent Capital Management LLC now owns 36,952 shares of the company’s stock worth $5,282,000 after acquiring an additional 3,320 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Builders FirstSource by 104.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 655 shares of the company’s stock worth $94,000 after acquiring an additional 334 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Builders FirstSource by 46.5% in the fourth quarter. Park Avenue Securities LLC now owns 6,088 shares of the company’s stock valued at $870,000 after purchasing an additional 1,932 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Builders FirstSource by 211.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 195,658 shares of the company’s stock valued at $27,965,000 after purchasing an additional 132,913 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Up 2.1 %

Shares of NYSE BLDR opened at $164.09 on Friday. The business has a 50-day simple moving average of $163.99 and a two-hundred day simple moving average of $169.54. 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 $18.88 billion, a P/E ratio of 16.02, a P/E/G ratio of 0.75 and a beta of 2.11. 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) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. Builders FirstSource’s revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.24 earnings per share. Research analysts anticipate that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on BLDR. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Jefferies Financial Group lifted their price target on Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Stephens upped their price objective on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their target price on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, UBS Group started coverage on shares of Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

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.