Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 62.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,460 shares of the company’s stock after purchasing an additional 1,716 shares during the period. Nisa Investment Advisors LLC’s holdings in Builders FirstSource were worth $745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Builders FirstSource by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 17,422,176 shares of the company’s stock valued at $1,124,428,000 after purchasing an additional 86,484 shares during the period. Wellington Management Group LLP increased its holdings in Builders FirstSource by 14.8% in the 1st quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock worth $727,819,000 after acquiring an additional 1,455,580 shares in the last quarter. State Street Corp increased its holdings in Builders FirstSource by 0.4% in the 1st quarter. State Street Corp now owns 4,552,723 shares of the company’s stock worth $404,191,000 after acquiring an additional 17,357 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Builders FirstSource by 182.0% in the 2nd quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock worth $313,486,000 after acquiring an additional 1,487,620 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Builders FirstSource by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 2,138,839 shares of the company’s stock worth $190,771,000 after acquiring an additional 35,562 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the transaction, the director now owns 28,738 shares of the company’s stock, valued at $5,747,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by corporate insiders.

Builders FirstSource Trading Down 1.4 %

Shares of BLDR stock opened at $181.96 on Wednesday. The company’s 50-day moving average price is $195.56 and its 200-day moving average price is $162.13. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67. The stock has a market cap of $22.19 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.16 and a beta of 2.04. Builders FirstSource, Inc. has a twelve month low of $90.10 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.85. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. As a group, equities analysts predict that Builders FirstSource, Inc. will post 13.84 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on BLDR. Wedbush boosted their price target on shares of Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. Oppenheimer boosted their price target on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Stifel Nicolaus boosted their price target on shares of Builders FirstSource from $184.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. DA Davidson reaffirmed a “neutral” rating and set a $185.00 target price on shares of Builders FirstSource in a report on Thursday, March 28th. Finally, Bank of America raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and upped their target price for the stock from $153.00 to $200.00 in a report on Monday, January 29th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.93.

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.