Oppenheimer & Co. Inc. Has $607,000 Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Oppenheimer & Co. Inc. lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 14.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,833 shares of the company’s stock after buying an additional 859 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Builders FirstSource were worth $607,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Altshuler Shaham Ltd lifted its holdings in shares of Builders FirstSource by 5.2% in the 1st quarter. Altshuler Shaham Ltd now owns 1,759 shares of the company’s stock worth $156,000 after purchasing an additional 87 shares in the last quarter. Kingfisher Capital LLC lifted its holdings in shares of Builders FirstSource by 0.3% in the 1st quarter. Kingfisher Capital LLC now owns 45,746 shares of the company’s stock worth $4,061,000 after purchasing an additional 134 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Builders FirstSource by 20.6% in the 1st quarter. Fifth Third Bancorp now owns 803 shares of the company’s stock worth $71,000 after purchasing an additional 137 shares in the last quarter. WASHINGTON TRUST Co lifted its stake in Builders FirstSource by 6.8% during the 4th quarter. WASHINGTON TRUST Co now owns 2,624 shares of the company’s stock valued at $170,000 after acquiring an additional 166 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Builders FirstSource by 2.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,537 shares of the company’s stock worth $489,000 after acquiring an additional 168 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

NYSE BLDR opened at $132.92 on Tuesday. The company’s 50 day moving average is $139.19 and its 200-day moving average is $115.29. Builders FirstSource, Inc. has a 12-month low of $52.70 and a 12-month high of $156.85. The company has a quick ratio of 1.15, a current ratio of 1.84 and a debt-to-equity ratio of 0.85. The firm has a market cap of $16.62 billion, a P/E ratio of 10.30 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $1.20. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.24 billion. Builders FirstSource had a net margin of 10.04% and a return on equity of 45.73%. The company’s quarterly revenue was down 35.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.26 earnings per share. Sell-side analysts predict that Builders FirstSource, Inc. will post 13.18 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Michael Hiller sold 5,965 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $147.91, for a total transaction of $882,283.15. Following the sale, the insider now owns 32,892 shares of the company’s stock, valued at approximately $4,865,055.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Builders FirstSource news, insider Jami Beckmann sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $120.69, for a total value of $241,380.00. Following the completion of the transaction, the insider now owns 41,262 shares of the company’s stock, valued at approximately $4,979,910.78. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Hiller sold 5,965 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $147.91, for a total transaction of $882,283.15. Following the completion of the transaction, the insider now directly owns 32,892 shares of the company’s stock, valued at approximately $4,865,055.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,965 shares of company stock valued at $1,882,113. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on BLDR shares. Robert W. Baird lowered shares of Builders FirstSource from an “outperform” rating to a “neutral” rating and set a $96.00 price target on the stock. in a research report on Thursday, May 4th. Benchmark boosted their price target on shares of Builders FirstSource from $153.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Wedbush restated an “outperform” rating and set a $175.00 price target on shares of Builders FirstSource in a report on Thursday, August 3rd. 888 restated a “maintains” rating on shares of Builders FirstSource in a report on Monday, June 26th. Finally, Barclays boosted their price target on shares of Builders FirstSource from $166.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $147.17.

Builders FirstSource 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, steel roof 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.