Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Summit Global Investments

Summit Global Investments increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 163.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,129 shares of the company’s stock after purchasing an additional 21,809 shares during the quarter. Summit Global Investments’ holdings in Builders FirstSource were worth $5,864,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Natixis Advisors L.P. lifted its stake in Builders FirstSource by 6.4% during the fourth quarter. Natixis Advisors L.P. now owns 20,345 shares of the company’s stock worth $3,396,000 after purchasing an additional 1,221 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in Builders FirstSource by 14.4% during the fourth quarter. Benjamin Edwards Inc. now owns 1,529 shares of the company’s stock worth $255,000 after purchasing an additional 193 shares during the last quarter. New York Life Investment Management LLC lifted its stake in Builders FirstSource by 437.8% during the fourth quarter. New York Life Investment Management LLC now owns 17,580 shares of the company’s stock worth $2,935,000 after purchasing an additional 14,311 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Builders FirstSource by 41.6% during the fourth quarter. Victory Capital Management Inc. now owns 213,133 shares of the company’s stock worth $35,580,000 after purchasing an additional 62,601 shares during the last quarter. Finally, Brighton Jones LLC purchased a new stake in Builders FirstSource during the fourth quarter worth approximately $264,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

BLDR stock traded up $4.02 on Thursday, reaching $188.41. 510,822 shares of the company’s stock were exchanged, compared to its average volume of 1,230,273. The stock has a fifty day moving average of $195.34 and a 200-day moving average of $166.72. Builders FirstSource, Inc. has a twelve month low of $99.90 and a twelve month high of $214.70. The firm has a market cap of $22.98 billion, a PE ratio of 15.38, a P/E/G ratio of 1.13 and a beta of 2.08. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.01 billion. As a group, equities analysts predict that Builders FirstSource, Inc. will post 13.83 EPS for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the sale, the director now owns 28,738 shares of the company’s stock, valued at $5,747,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BLDR shares. Wedbush boosted their target price on Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. Jefferies Financial Group boosted their price objective on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $153.00 to $200.00 in a research note on Monday, January 29th. Royal Bank of Canada boosted their price objective on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.06.

About Builders FirstSource

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.