Hodges Capital Management Inc. Has $8.22 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Hodges Capital Management Inc. lifted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 31.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,485 shares of the company’s stock after buying an additional 13,704 shares during the period. Hodges Capital Management Inc.’s holdings in Builders FirstSource were worth $8,217,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BLDR. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Builders FirstSource by 61.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 395 shares of the company’s stock worth $55,000 after acquiring an additional 150 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Builders FirstSource in the second quarter valued at $383,000. Sanctuary Advisors LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $4,859,000. Centaurus Financial Inc. boosted its stake in shares of Builders FirstSource by 9.1% during the 2nd quarter. Centaurus Financial Inc. now owns 991 shares of the company’s stock worth $137,000 after acquiring an additional 83 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its position in Builders FirstSource by 24.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 501 shares of the company’s stock worth $97,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Activity at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction on Thursday, November 7th. The stock was 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 directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade 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 can be accessed through this link. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BLDR shares. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 target price on shares of Builders FirstSource in a research note on Wednesday, January 8th. Barclays cut their price target on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. UBS Group assumed coverage on Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 price target for the company. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Stephens raised their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $205.71.

Builders FirstSource Price Performance

BLDR opened at $167.29 on Monday. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.92 and a beta of 2.12. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70. The firm has a 50-day moving average price of $161.93 and a 200-day moving average price of $171.43. 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 the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the business earned $4.24 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. Equities analysts expect that Builders FirstSource, Inc. will post 11.52 EPS for the current year.

Builders FirstSource Company 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.