Assenagon Asset Management S.A. Grows Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Assenagon Asset Management S.A. boosted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 211.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,658 shares of the company’s stock after buying an additional 132,913 shares during the period. Assenagon Asset Management S.A. owned approximately 0.17% of Builders FirstSource worth $27,965,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BLDR. Mountaineer Partners Management LLC purchased a new stake in shares of Builders FirstSource in the third quarter valued at about $2,099,877,000. FMR LLC boosted its holdings in Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after purchasing an additional 3,186,876 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Builders FirstSource by 23.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock worth $282,697,000 after purchasing an additional 277,897 shares during the period. Baillie Gifford & Co. purchased a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $267,132,000. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $255,867,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the sale, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is owned by company insiders.

Builders FirstSource Stock Down 0.6 %

Shares of NYSE BLDR opened at $160.61 on Friday. The firm has a market cap of $18.48 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 0.75 and a beta of 2.11. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. The firm’s 50 day moving average price is $164.27 and its 200 day moving average price is $169.09.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. Builders FirstSource’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.24 EPS. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Bank of America raised their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Oppenheimer restated an “outperform” rating and set a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. DA Davidson lifted their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Stephens upped their price target on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $207.31.

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.