Builders FirstSource, Inc. $BLDR Shares Bought by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. grew its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 44.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 48,072 shares of the company’s stock after purchasing an additional 14,856 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in Builders FirstSource were worth $4,946,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BLDR. Capital International Investors acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth about $429,640,000. Franklin Resources Inc. boosted its stake in shares of Builders FirstSource by 2,498.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock worth $224,861,000 after purchasing an additional 1,783,164 shares during the last quarter. Sands Capital Management LLC boosted its stake in shares of Builders FirstSource by 139.1% during the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock worth $294,747,000 after purchasing an additional 1,414,129 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Builders FirstSource by 235.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock worth $229,585,000 after purchasing an additional 1,328,363 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of Builders FirstSource by 10,918.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 881,439 shares of the company’s stock worth $106,874,000 after purchasing an additional 873,439 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Builders FirstSource news, Director Paul S. Levy purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the completion of the acquisition, the director owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. This represents a 2.98% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.70% of the company’s stock.

Builders FirstSource Trading Up 5.5%

Shares of BLDR stock opened at $88.52 on Friday. The firm has a market cap of $9.79 billion, a P/E ratio of 22.81, a PEG ratio of 2.09 and a beta of 1.63. Builders FirstSource, Inc. has a 1-year low of $76.50 and a 1-year high of $151.03. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16. The firm’s 50-day simple moving average is $94.78 and its 200-day simple moving average is $107.35.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on BLDR shares. Robert W. Baird decreased their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. DA Davidson cut their price objective on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Barclays cut their price objective on shares of Builders FirstSource from $124.00 to $114.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. UBS Group cut their price objective on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Finally, Weiss Ratings lowered shares of Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $121.39.

Builders FirstSource Company 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.