Builders FirstSource, Inc. (NYSE:BLDR) Stock Position Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 211.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 195,658 shares of the company’s stock after purchasing an additional 132,913 shares during the period. Assenagon Asset Management S.A.’s holdings in Builders FirstSource were worth $27,965,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cyndeo Wealth Partners LLC grew its position in Builders FirstSource by 3.7% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock worth $305,000 after purchasing an additional 56 shares during the last quarter. World Equity Group Inc. grew its position in Builders FirstSource by 4.1% in the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock worth $316,000 after buying an additional 64 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Builders FirstSource by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after acquiring an additional 64 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Builders FirstSource by 0.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock valued at $1,417,000 after purchasing an additional 74 shares during the period. Finally, Private Trust Co. NA increased its position in shares of Builders FirstSource by 14.6% in the third quarter. Private Trust Co. NA now owns 642 shares of the company’s stock worth $124,000 after acquiring an additional 82 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 0.6 %

Builders FirstSource stock opened at $160.61 on Friday. The company has a 50 day moving average of $164.27 and a 200-day moving average of $169.09. 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, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70. The stock has a market capitalization of $18.48 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 0.75 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the company posted $4.24 EPS. Builders FirstSource’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BLDR shares. Stephens boosted their price objective 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. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research note on Wednesday, January 8th. Jefferies Financial Group boosted their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Finally, StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.31.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by insiders.

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.