Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,893 shares of the company’s stock after acquiring an additional 1,728 shares during the quarter. Ritholtz Wealth Management’s holdings in Builders FirstSource were worth $6,994,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of BLDR. Alliancebernstein L.P. boosted its position in Builders FirstSource by 182.0% during the second 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 during the last quarter. Wellington Management Group LLP boosted its position in Builders FirstSource by 14.8% during the first 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 during the last quarter. Norges Bank purchased a new position in Builders FirstSource during the fourth quarter worth approximately $91,288,000. BlackRock Inc. raised its stake in Builders FirstSource by 9.6% during the second quarter. BlackRock Inc. now owns 15,031,161 shares of the company’s stock worth $2,044,238,000 after purchasing an additional 1,320,774 shares during the period. Finally, Invesco Ltd. raised its stake in Builders FirstSource by 80.8% during the third quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock worth $243,516,000 after purchasing an additional 874,268 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BLDR. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research note on Thursday. B. Riley raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and increased their price target for the stock from $128.00 to $177.00 in a research note on Wednesday, December 6th. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Oppenheimer increased their price target on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, Wedbush increased their price target on shares of Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. 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 presently has a consensus rating of “Moderate Buy” and an average price target of $186.60.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $208.55 on Friday. Builders FirstSource, Inc. has a 12-month low of $84.78 and a 12-month high of $214.70. The company has a market capitalization of $25.43 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.25 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 firm’s fifty day moving average price is $189.81 and its 200 day moving average price is $155.48.

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, topping the consensus estimate of $2.70 by $0.85. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.01 billion. On average, research analysts forecast 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 Builders FirstSource stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the sale, the director now owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by insiders.

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, 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.