Victory Capital Management Inc. Purchases 1,328,363 Shares of Builders FirstSource, Inc. $BLDR

Victory Capital Management Inc. increased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 235.1% in the third quarter, Holdings Channel.com reports. The fund owned 1,893,483 shares of the company’s stock after purchasing an additional 1,328,363 shares during the period. Victory Capital Management Inc.’s holdings in Builders FirstSource were worth $229,585,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Regents Gate Capital LLP bought a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $4,338,000. WASHINGTON TRUST Co increased its stake in shares of Builders FirstSource by 7.4% in the 3rd quarter. WASHINGTON TRUST Co now owns 2,902 shares of the company’s stock worth $352,000 after purchasing an additional 200 shares in the last quarter. Aprio Wealth Management LLC raised its holdings in Builders FirstSource by 2.7% in the 3rd quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock worth $446,000 after purchasing an additional 98 shares during the period. American Century Companies Inc. raised its stake in Builders FirstSource by 32.4% during the 3rd quarter. American Century Companies Inc. now owns 449,012 shares of the company’s stock worth $54,443,000 after acquiring an additional 109,909 shares during the period. Finally, Rafferty Asset Management LLC boosted its holdings in Builders FirstSource by 99.2% in the 3rd quarter. Rafferty Asset Management LLC now owns 97,422 shares of the company’s stock worth $11,812,000 after buying an additional 48,507 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BLDR. The Goldman Sachs Group decreased their target price on Builders FirstSource from $150.00 to $142.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Benchmark dropped their price objective on shares of Builders FirstSource from $142.00 to $138.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Jefferies Financial Group decreased their price objective on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. UBS Group reduced their price objective on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Finally, Barclays cut their target price on Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $127.39.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $97.52 on Wednesday. The firm has a market cap of $10.79 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 2.40 and a beta of 1.56. Builders FirstSource, Inc. has a 52-week low of $94.17 and a 52-week high of $151.03. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02. The company’s 50 day moving average is $114.67 and its 200 day moving average is $118.52.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the previous year, the business earned $2.31 EPS. Builders FirstSource’s revenue for the quarter was down 12.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.