Burney Co. Has $4.84 Million Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Burney Co. reduced its position in Builders FirstSource, Inc. (NYSE:BLDR) by 11.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 33,883 shares of the company’s stock after selling 4,492 shares during the period. Burney Co.’s holdings in Builders FirstSource were worth $4,843,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of BLDR. Mountaineer Partners Management LLC acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $2,099,877,000. FMR LLC lifted its position in Builders FirstSource by 45.7% during the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after acquiring an additional 3,186,876 shares during the last quarter. Baillie Gifford & Co. acquired a new stake in Builders FirstSource during the third quarter worth approximately $267,132,000. Diamond Hill Capital Management Inc. acquired a new stake in Builders FirstSource during the third quarter worth approximately $255,867,000. Finally, Massachusetts Financial Services Co. MA lifted its position in Builders FirstSource by 339.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after acquiring an additional 911,990 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Bank of America raised their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. DA Davidson raised their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Stephens raised their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Loop Capital raised their price objective on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Jefferies Financial Group raised their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average target price of $208.75.

Builders FirstSource Stock Up 4.6 %

Shares of BLDR opened at $161.37 on Thursday. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70. The company has a market cap of $18.57 billion, a P/E ratio of 15.76, a P/E/G ratio of 0.96 and a beta of 2.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The firm has a 50 day simple moving average of $164.64 and a two-hundred day simple moving average of $169.15.

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

Insider Buying and Selling at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the transaction, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

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.