Brighton Jones LLC Makes New Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Brighton Jones LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,579 shares of the company’s stock, valued at approximately $264,000.

A number of other hedge funds have also made changes to their positions in BLDR. Private Trust Co. NA lifted its holdings in Builders FirstSource by 30.7% in the 4th quarter. Private Trust Co. NA now owns 345 shares of the company’s stock valued at $58,000 after acquiring an additional 81 shares during the last quarter. V Square Quantitative Management LLC lifted 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 valued at $114,000 after purchasing an additional 85 shares during the last quarter. Mezzasalma Advisors LLC boosted its holdings in Builders FirstSource by 0.6% during the third quarter. Mezzasalma Advisors LLC now owns 14,715 shares of the company’s stock worth $1,832,000 after buying an additional 90 shares in the last quarter. iA Global Asset Management Inc. grew its position in Builders FirstSource by 2.9% in the third quarter. iA Global Asset Management Inc. now owns 3,391 shares of the company’s stock worth $422,000 after buying an additional 97 shares during the last quarter. Finally, Financial Enhancement Group LLC increased its holdings in shares of Builders FirstSource by 2.5% in the fourth quarter. Financial Enhancement Group LLC now owns 4,101 shares of the company’s stock valued at $675,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the 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 transaction, the director now directly owns 28,738 shares of the company’s stock, valued at $5,747,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by company insiders.

Builders FirstSource Stock Up 3.7 %

BLDR opened at $195.81 on Friday. The company has a market capitalization of $23.88 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.14 and a beta of 2.08. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11. Builders FirstSource, Inc. has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The business has a 50-day moving average of $195.49 and a 200-day moving average of $167.41.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. Equities research analysts forecast that Builders FirstSource, Inc. will post 13.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BLDR shares. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Wedbush boosted their price objective on Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. Oppenheimer raised their target price on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Royal Bank of Canada boosted their price target on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Barclays raised their price objective on shares of Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.06.

About Builders FirstSource

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.