Wedmont Private Capital Has $369,000 Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Wedmont Private Capital lifted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 13.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,850 shares of the company’s stock after purchasing an additional 221 shares during the quarter. Wedmont Private Capital’s holdings in Builders FirstSource were worth $369,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BLDR. Vanguard Group Inc. raised its stake in shares of Builders FirstSource by 15.7% in the fourth quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after purchasing an additional 1,985,297 shares in the last quarter. Norges Bank acquired a new position in Builders FirstSource during the fourth quarter worth $212,209,000. Boston Partners raised its stake in Builders FirstSource by 73.5% during the fourth quarter. Boston Partners now owns 1,366,784 shares of the company’s stock worth $227,464,000 after acquiring an additional 578,961 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in Builders FirstSource by 30,560.2% during the third quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company’s stock worth $69,506,000 after acquiring an additional 556,501 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in Builders FirstSource by 152.9% during the fourth quarter. Hsbc Holdings PLC now owns 489,047 shares of the company’s stock worth $81,628,000 after acquiring an additional 295,643 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BLDR. Jefferies Financial Group raised their target price on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Robert W. Baird decreased their price target on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Royal Bank of Canada raised their price target on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Bank of America decreased their price target on Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Finally, Wedbush reiterated an “outperform” rating and issued a $215.00 price target (down previously from $225.00) on shares of Builders FirstSource in a report on Tuesday, May 7th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and an average target price of $195.13.

Builders FirstSource Stock Down 1.3 %

NYSE:BLDR opened at $142.83 on Friday. The firm has a market capitalization of $17.43 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 2.40 and a beta of 2.08. Builders FirstSource, Inc. has a twelve month low of $105.24 and a twelve month high of $214.70. The stock’s 50 day moving average price is $166.89 and its two-hundred day moving average price is $176.07. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the firm earned $2.96 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts expect that Builders FirstSource, Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

In other news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the transaction, the insider now directly owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the sale, the insider now directly owns 22,667 shares in the company, valued at approximately $3,855,883.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the sale, the insider now owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate 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.