Victory Capital Management Inc. Has $35.58 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Victory Capital Management Inc. increased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 41.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 213,133 shares of the company’s stock after buying an additional 62,601 shares during the quarter. Victory Capital Management Inc.’s holdings in Builders FirstSource were worth $35,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its stake in shares of Builders FirstSource by 6.8% during the third quarter. Commonwealth Equity Services LLC now owns 18,612 shares of the company’s stock valued at $2,317,000 after acquiring an additional 1,189 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Builders FirstSource by 28.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 9,717 shares of the company’s stock valued at $1,210,000 after purchasing an additional 2,139 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Builders FirstSource by 47.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 81,353 shares of the company’s stock worth $10,128,000 after purchasing an additional 26,166 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Builders FirstSource by 68.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,207 shares of the company’s stock worth $14,591,000 after buying an additional 47,701 shares during the period. Finally, BluePath Capital Management LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $31,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Up 2.5 %

Builders FirstSource stock opened at $200.78 on Tuesday. 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 firm’s fifty day moving average price is $195.69 and its two-hundred day moving average price is $168.78. The firm has a market capitalization of $24.49 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 1.22 and a beta of 2.08. Builders FirstSource, Inc. has a 1-year low of $105.24 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. On average, equities research analysts predict that Builders FirstSource, Inc. will post 13.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now directly owns 28,738 shares in the company, valued at approximately $5,747,600. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of recent analyst reports. Wedbush lifted their price objective on Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. Oppenheimer upped their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Royal Bank of Canada lifted their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Finally, StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.50.

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.