Hartford Investment Management Co. Purchases Shares of 8,320 Builders FirstSource, Inc. (NYSE:BLDR)

Hartford Investment Management Co. purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,320 shares of the company’s stock, valued at approximately $1,389,000.

Several other large investors also recently modified their holdings of the stock. Trust Point Inc. bought a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $368,000. UMB Bank n.a. grew its stake in shares of Builders FirstSource by 62.8% in the 4th quarter. UMB Bank n.a. now owns 967 shares of the company’s stock valued at $161,000 after purchasing an additional 373 shares during the period. State of Michigan Retirement System grew its stake in shares of Builders FirstSource by 10.2% in the 4th quarter. State of Michigan Retirement System now owns 40,000 shares of the company’s stock valued at $6,678,000 after purchasing an additional 3,688 shares during the period. Oak Thistle LLC grew its stake in shares of Builders FirstSource by 60.7% in the 4th quarter. Oak Thistle LLC now owns 4,459 shares of the company’s stock valued at $744,000 after purchasing an additional 1,685 shares during the period. Finally, Cigna Investments Inc. New bought a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $224,000. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BLDR shares. DA Davidson restated a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Barclays increased their price target on Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and increased their price target for the stock from $153.00 to $200.00 in a research report on Monday, January 29th. Stifel Nicolaus increased their price target on Builders FirstSource from $184.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, Oppenheimer increased their price objective on Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.93.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $204.14 on Friday. The company has a market capitalization of $24.89 billion, a PE ratio of 17.03, a PEG ratio of 1.21 and a beta of 2.04. Builders FirstSource, Inc. has a 12 month low of $84.81 and a 12 month high of $214.70. 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 stock’s fifty day simple moving average is $193.77 and its 200 day simple moving average is $158.60.

Builders FirstSource (NYSE:BLDR) last issued 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 business had revenue of $4.15 billion for 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, research analysts predict that Builders FirstSource, Inc. will post 14.02 EPS for the current year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

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.