Nisa Investment Advisors LLC Grows Position in Builders FirstSource, Inc. (NYSE:BLDR)

Nisa Investment Advisors LLC raised its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 62.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,460 shares of the company’s stock after purchasing an additional 1,716 shares during the period. Nisa Investment Advisors LLC’s holdings in Builders FirstSource were worth $745,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Builders FirstSource by 0.5% in the first quarter. Vanguard Group Inc. now owns 17,422,176 shares of the company’s stock worth $1,124,428,000 after purchasing an additional 86,484 shares during the period. Wellington Management Group LLP boosted its position in shares of Builders FirstSource by 14.8% in the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock worth $727,819,000 after purchasing an additional 1,455,580 shares during the period. State Street Corp boosted its position in shares of Builders FirstSource by 0.4% in the first quarter. State Street Corp now owns 4,552,723 shares of the company’s stock worth $404,191,000 after purchasing an additional 17,357 shares during the period. Alliancebernstein L.P. boosted its position in shares of Builders FirstSource by 182.0% in the second quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock worth $313,486,000 after purchasing an additional 1,487,620 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Builders FirstSource by 1.7% in the first quarter. Geode Capital Management LLC now owns 2,138,839 shares of the company’s stock worth $190,771,000 after purchasing an additional 35,562 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BLDR. Wedbush upped their price target on shares of 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 target price on shares of Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Royal Bank of Canada raised their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Bank of America raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and raised their target price for the company from $153.00 to $200.00 in a research note on Monday, January 29th. Finally, StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and twelve 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 target price of $186.93.

Builders FirstSource Price Performance

BLDR stock opened at $181.96 on Wednesday. Builders FirstSource, Inc. has a 52 week low of $90.10 and a 52 week high of $214.70. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The company has a fifty day simple moving average of $195.56 and a two-hundred day simple moving average of $162.13. The firm has a market capitalization of $22.19 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 1.16 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.70 by $0.85. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. Analysts anticipate that Builders FirstSource, Inc. will post 13.84 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were 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 in the company, valued at approximately $5,747,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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.