3Chopt Investment Partners LLC Makes New $493,000 Investment in Builders FirstSource, Inc. (NYSE:BLDR)

3Chopt Investment Partners LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,554 shares of the company’s stock, valued at approximately $493,000.

A number of other institutional investors have also recently bought and sold shares of the business. Altshuler Shaham Ltd grew its position in shares of Builders FirstSource by 5.2% in the first quarter. Altshuler Shaham Ltd now owns 1,759 shares of the company’s stock valued at $156,000 after purchasing an additional 87 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Builders FirstSource by 5.4% in the first quarter. Macquarie Group Ltd. now owns 2,269 shares of the company’s stock valued at $201,000 after purchasing an additional 116 shares during the last quarter. Kingfisher Capital LLC grew its position in shares of Builders FirstSource by 0.3% in the first quarter. Kingfisher Capital LLC now owns 45,746 shares of the company’s stock valued at $4,061,000 after purchasing an additional 134 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Builders FirstSource by 20.6% in the first quarter. Fifth Third Bancorp now owns 803 shares of the company’s stock valued at $71,000 after purchasing an additional 137 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Builders FirstSource by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,537 shares of the company’s stock valued at $489,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insiders Place Their Bets

In other Builders FirstSource news, insider Michael Hiller sold 5,965 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $147.91, for a total transaction of $882,283.15. Following the completion of the sale, the insider now directly owns 32,892 shares in the company, valued at approximately $4,865,055.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Michael Hiller sold 5,965 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 32,892 shares in the company, valued at approximately $4,865,055.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Timothy D. Johnson sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $151.69, for a total value of $758,450.00. Following the completion of the sale, the executive vice president now owns 65,748 shares of the company’s stock, valued at $9,973,314.12. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on BLDR shares. BMO Capital Markets upped their target price on Builders FirstSource from $125.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, August 4th. Loop Capital began coverage on Builders FirstSource in a research report on Thursday, August 31st. They set a “buy” rating and a $180.00 price target on the stock. 888 reissued a “maintains” rating on shares of Builders FirstSource in a research report on Monday, June 26th. Barclays increased their price target on Builders FirstSource from $166.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Finally, Benchmark increased their price target on Builders FirstSource from $153.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.69.

Builders FirstSource Trading Down 3.2 %

NYSE:BLDR traded down $4.41 during trading hours on Wednesday, hitting $131.91. 174,227 shares of the company were exchanged, compared to its average volume of 1,947,393. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 10.56 and a beta of 2.02. The company has a current ratio of 1.84, a quick ratio of 1.15 and a debt-to-equity ratio of 0.85. Builders FirstSource, Inc. has a one year low of $52.70 and a one year high of $156.85. The company has a fifty day simple moving average of $141.28 and a 200 day simple moving average of $119.91.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Wednesday, August 2nd. The company reported $3.89 earnings per share (EPS) 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 analyst estimates of $4.24 billion. During the same period last year, the company earned $6.26 EPS. Builders FirstSource’s revenue for the quarter was down 35.0% compared to the same quarter last year. Sell-side analysts expect that Builders FirstSource, Inc. will post 13.18 EPS for the current fiscal 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.