Oliver Luxxe Assets LLC Invests $221,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Oliver Luxxe Assets LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the first quarter, Holdings Channel.com reports. The firm purchased 1,058 shares of the company’s stock, valued at approximately $221,000.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Builders FirstSource by 15.7% in the 4th quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after acquiring an additional 1,985,297 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in shares of Builders FirstSource by 11.2% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,416,611 shares of the company’s stock valued at $236,489,000 after acquiring an additional 143,041 shares in the last quarter. Boston Partners raised its stake in shares of Builders FirstSource by 73.5% in the 4th quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after acquiring an additional 578,961 shares in the last quarter. Norges Bank bought a new position in shares of Builders FirstSource in the 4th quarter valued at approximately $212,209,000. Finally, Frontier Capital Management Co. LLC raised its stake in shares of Builders FirstSource by 34.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock valued at $189,268,000 after acquiring an additional 292,966 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $133.99 on Tuesday. Builders FirstSource, Inc. has a 1-year low of $105.24 and a 1-year high of $214.70. The firm has a market capitalization of $16.35 billion, a PE ratio of 11.47, a PEG ratio of 2.23 and a beta of 2.04. The business’s 50 day moving average is $161.74 and its 200-day moving average is $175.88. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data 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 company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the firm earned $2.96 EPS. Builders FirstSource’s revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts predict that Builders FirstSource, Inc. will post 12.93 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Robert W. Baird cut their price objective on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Jefferies Financial Group lifted their price target on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Barclays dropped their price target on Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Finally, Wedbush dropped their price target on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $192.47.

Insider Activity at Builders FirstSource

In related news, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value of $776,343.75. Following the sale, the insider now owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the insider now owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value 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 disclosure for this sale can be found here. 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.