17,767 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Bought by PGGM Investments

PGGM Investments bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 4th quarter, Holdings Channel.com reports. The firm bought 17,767 shares of the company’s stock, valued at approximately $2,966,000.

Several other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA lifted its stake in shares of Builders FirstSource by 30.7% in the 4th quarter. Private Trust Co. NA now owns 345 shares of the company’s stock worth $58,000 after acquiring an additional 81 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of Builders FirstSource by 10.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 915 shares of the company’s stock worth $114,000 after acquiring an additional 85 shares during the period. Mezzasalma Advisors LLC lifted its stake in shares of Builders FirstSource by 0.6% in the 3rd quarter. Mezzasalma Advisors LLC now owns 14,715 shares of the company’s stock worth $1,832,000 after acquiring an additional 90 shares during the period. iA Global Asset Management Inc. lifted its stake in shares of Builders FirstSource by 2.9% in the 3rd quarter. iA Global Asset Management Inc. now owns 3,391 shares of the company’s stock worth $422,000 after acquiring an additional 97 shares during the period. Finally, Financial Enhancement Group LLC lifted its stake in shares of Builders FirstSource by 2.5% in the 4th quarter. Financial Enhancement Group LLC now owns 4,101 shares of the company’s stock worth $675,000 after acquiring an additional 99 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $187.66 on Monday. The company has a market cap of $22.88 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 1.16 and a beta of 2.04. Builders FirstSource, Inc. has a 12 month low of $90.35 and a 12 month high of $214.70. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11. The company has a 50-day simple moving average of $195.26 and a 200-day simple moving average of $165.63.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 13.83 earnings per share for the current year.

Insider Transactions at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the sale, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on BLDR. Jefferies Financial Group raised their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Barclays raised their price objective on shares of Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Royal Bank of Canada raised their price objective on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Finally, Wedbush raised their price objective on shares of Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $190.06.

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.