Telemus Capital LLC Grows Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Telemus Capital LLC increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,468 shares of the company’s stock after buying an additional 1,676 shares during the period. Telemus Capital LLC’s holdings in Builders FirstSource were worth $8,759,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. acquired a new stake in shares of Builders FirstSource in the 3rd quarter worth $1,148,000. AE Wealth Management LLC grew its holdings in Builders FirstSource by 488.4% in the third quarter. AE Wealth Management LLC now owns 9,720 shares of the company’s stock valued at $1,210,000 after purchasing an additional 8,068 shares during the period. Ronald Blue Trust Inc. lifted its position in Builders FirstSource by 50.1% during the third quarter. Ronald Blue Trust Inc. now owns 1,147 shares of the company’s stock valued at $156,000 after buying an additional 383 shares in the last quarter. IFP Advisors Inc lifted its position in Builders FirstSource by 133.9% during the third quarter. IFP Advisors Inc now owns 655 shares of the company’s stock valued at $82,000 after buying an additional 375 shares in the last quarter. Finally, DnB Asset Management AS lifted its position in shares of Builders FirstSource by 9.4% during the third quarter. DnB Asset Management AS now owns 31,948 shares of the company’s stock worth $3,977,000 after purchasing an additional 2,757 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Jefferies Financial Group upped their price objective on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Wedbush upped their price objective on shares of Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. DA Davidson reiterated a “neutral” rating and issued a $185.00 target price on shares of Builders FirstSource in a report on Thursday, March 28th. Finally, Royal Bank of Canada increased their price target on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.06.

Insider Buying and Selling

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction on 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 completion of the sale, the director now directly owns 28,738 shares in the company, valued at approximately $5,747,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by insiders.

Builders FirstSource Stock Up 0.6 %

NYSE:BLDR opened at $178.18 on Tuesday. The firm has a market capitalization of $21.73 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 1.08 and a beta of 2.04. Builders FirstSource, Inc. has a twelve month low of $90.10 and a twelve month high of $214.70. The stock’s 50 day moving average price is $195.12 and its two-hundred day moving average price is $163.80. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.85. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. Equities research analysts expect that Builders FirstSource, Inc. will post 13.84 earnings per share for the current fiscal year.

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.