Natixis Advisors L.P. Increases Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Natixis Advisors L.P. lifted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 48.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,166 shares of the company’s stock after purchasing an additional 8,236 shares during the quarter. Natixis Advisors L.P.’s holdings in Builders FirstSource were worth $2,234,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of Builders FirstSource by 14.8% in the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock valued at $727,819,000 after purchasing an additional 1,455,580 shares during the period. Norges Bank acquired a new stake in Builders FirstSource during the fourth quarter worth approximately $91,288,000. Envestnet Asset Management Inc. boosted its position in shares of Builders FirstSource by 1,106.4% in the first quarter. Envestnet Asset Management Inc. now owns 844,518 shares of the company’s stock worth $5,183,000 after acquiring an additional 774,515 shares during the last quarter. Anomaly Capital Management LP grew its holdings in shares of Builders FirstSource by 123.6% during the 4th quarter. Anomaly Capital Management LP now owns 1,310,751 shares of the company’s stock worth $85,042,000 after purchasing an additional 724,481 shares during the period. Finally, Morgan Stanley boosted its position in Builders FirstSource by 39.7% during the 4th quarter. Morgan Stanley now owns 1,448,679 shares of the company’s stock worth $93,990,000 after purchasing an additional 411,896 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling at Builders FirstSource

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Benchmark lifted their target price on Builders FirstSource from $153.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. StockNews.com started coverage on shares of Builders FirstSource in a research report on Wednesday, August 23rd. They issued a “buy” rating on the stock. Zelman & Associates raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Monday, May 8th. Stephens increased their target price on shares of Builders FirstSource from $130.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Finally, BMO Capital Markets raised their price target on shares of Builders FirstSource from $125.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus price target of $149.69.

Builders FirstSource Price Performance

NYSE:BLDR opened at $148.74 on Friday. Builders FirstSource, Inc. has a 1 year low of $52.70 and a 1 year high of $156.85. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.84 and a quick ratio of 1.15. The firm has a market capitalization of $18.60 billion, a price-to-earnings ratio of 11.52 and a beta of 1.99. The business has a 50 day simple moving average of $140.45 and a 200-day simple moving average of $117.30.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $3.89 earnings per share for the quarter, topping the consensus estimate of $2.69 by $1.20. Builders FirstSource had a return on equity of 45.73% and a net margin of 10.04%. The business had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter last year, the company earned $6.26 earnings per share. The company’s quarterly revenue was down 35.0% on a year-over-year basis. Equities analysts forecast that Builders FirstSource, Inc. will post 13.18 EPS for the current year.

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, 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.