Highland Capital Management LLC Acquires Shares of 1,272 Builders FirstSource, Inc. (NYSE:BLDR)

Highland Capital Management LLC bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 1,272 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds have also recently made changes to their positions in the company. D Orazio & Associates Inc. raised its position in Builders FirstSource by 3.7% during the third quarter. D Orazio & Associates Inc. now owns 2,360 shares of the company’s stock valued at $294,000 after purchasing an additional 84 shares during the period. V Square Quantitative Management LLC boosted its stake in Builders FirstSource by 10.2% during the third quarter. V Square Quantitative Management LLC now owns 915 shares of the company’s stock worth $114,000 after buying an additional 85 shares during the period. Measured Wealth Private Client Group LLC increased its position in Builders FirstSource by 2.5% during the third quarter. Measured Wealth Private Client Group LLC now owns 3,673 shares of the company’s stock valued at $457,000 after acquiring an additional 90 shares during the last quarter. Mezzasalma Advisors LLC raised its stake in shares of Builders FirstSource by 0.6% in the third quarter. Mezzasalma Advisors LLC now owns 14,715 shares of the company’s stock valued at $1,832,000 after acquiring an additional 90 shares during the period. Finally, iA Global Asset Management Inc. lifted its holdings in shares of Builders FirstSource by 2.9% in the 3rd quarter. iA Global Asset Management Inc. now owns 3,391 shares of the company’s stock worth $422,000 after acquiring an additional 97 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Trading Up 1.4 %

Shares of BLDR stock opened at $209.87 on Thursday. Builders FirstSource, Inc. has a 1-year low of $84.78 and a 1-year high of $214.70. The company has a market cap of $25.59 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.26 and a beta of 2.04. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11. The stock has a 50 day simple moving average of $188.96 and a 200-day simple moving average of $155.11.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.70 by $0.85. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates 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 expect that Builders FirstSource, Inc. will post 14.02 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the sale, the director now owns 28,738 shares of the company’s stock, valued at $5,747,600. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on BLDR. Stifel Nicolaus raised their price objective on shares of Builders FirstSource from $184.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Royal Bank of Canada boosted their price objective on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Wedbush lifted their target price on Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Barclays raised their price target on shares of Builders FirstSource from $195.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Finally, BMO Capital Markets lifted their target price on Builders FirstSource from $135.00 to $150.00 and gave the company a “market perform” rating in a research report on Thursday, December 7th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.27.

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, 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.