Oppenheimer & Co. Inc. Buys 4,209 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Oppenheimer & Co. Inc. boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDRFree Report) by 82.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,343 shares of the company’s stock after purchasing an additional 4,209 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Builders FirstSource were worth $1,560,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BLDR. Norges Bank bought a new stake in Builders FirstSource during the 4th quarter valued at approximately $212,209,000. Invesco Ltd. grew its holdings in Builders FirstSource by 80.8% during the 3rd quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock valued at $243,516,000 after buying an additional 874,268 shares in the last quarter. Boston Partners grew its holdings in Builders FirstSource by 73.5% during the 4th quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after buying an additional 578,961 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in Builders FirstSource by 30,560.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company’s stock valued at $69,506,000 after buying an additional 556,501 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Builders FirstSource by 152.9% during the 4th quarter. Hsbc Holdings PLC now owns 489,047 shares of the company’s stock valued at $81,628,000 after buying an additional 295,643 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on BLDR shares. Wedbush restated an “outperform” rating and set a $215.00 price target (down previously from $225.00) on shares of Builders FirstSource in a report on Tuesday, May 7th. Jefferies Financial Group raised their price target on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Oppenheimer raised their price target on Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Royal Bank of Canada raised their price target on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Bank of America dropped their target price on Builders FirstSource from $195.00 to $183.00 and set a “buy” rating for the company in a report on Thursday. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.13.

Check Out Our Latest Analysis on Builders FirstSource

Builders FirstSource Price Performance

BLDR opened at $146.28 on Monday. The business has a fifty day moving average of $176.88 and a 200 day moving average of $175.77. Builders FirstSource, Inc. has a 52-week low of $105.24 and a 52-week high of $214.70. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. The stock has a market cap of $17.85 billion, a P/E ratio of 12.52, a PEG ratio of 1.33 and a beta of 2.08.

Builders FirstSource (NYSE:BLDRGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the business earned $2.96 EPS. Builders FirstSource’s revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 12.93 EPS for the current year.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction on Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the sale, the insider now directly owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction on Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the sale, the insider now directly owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the sale, the insider now directly owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The disclosure for this sale can be found here. Insiders sold a total of 21,752 shares of company stock worth $3,879,207 in the last quarter. 1.80% of the stock is owned by company insiders.

Builders FirstSource Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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