Thurston Springer Miller Herd & Titak Inc. Purchases New Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 298 shares of the company’s stock, valued at approximately $41,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Builders FirstSource by 15.7% during the fourth quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock worth $2,448,684,000 after acquiring an additional 1,985,297 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in Builders FirstSource by 11.2% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,416,611 shares of the company’s stock worth $236,489,000 after acquiring an additional 143,041 shares during the last quarter. Boston Partners grew its stake in shares of Builders FirstSource by 0.8% in the first quarter. Boston Partners now owns 1,377,335 shares of the company’s stock valued at $285,794,000 after buying an additional 10,551 shares in the last quarter. Norges Bank acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at $212,209,000. Finally, Frontier Capital Management Co. LLC boosted its holdings in Builders FirstSource by 34.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock valued at $189,268,000 after purchasing an additional 292,966 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Transactions at Builders FirstSource

In other news, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the sale, the insider now owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the sale, the insider now owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Hiller sold 4,875 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the sale, the insider now directly owns 30,106 shares in the company, valued at approximately $4,794,380.50. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Performance

NYSE BLDR traded up $6.08 on Tuesday, hitting $155.73. 3,803,560 shares of the company’s stock were exchanged, compared to its average volume of 1,642,937. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.45. The firm’s 50-day moving average price is $150.23 and its two-hundred day moving average price is $173.73. Builders FirstSource, Inc. has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The firm has a market cap of $19.01 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 2.57 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the firm posted $2.96 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. On average, research analysts expect that Builders FirstSource, Inc. will post 12.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BLDR. Barclays decreased their target price on Builders FirstSource from $200.00 to $188.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Oppenheimer reaffirmed an “outperform” rating and set a $230.00 price target (down from $242.00) on shares of Builders FirstSource in a report on Monday, July 29th. Jefferies Financial Group lifted their price target on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Wedbush reaffirmed an “outperform” rating and set a $175.00 price target on shares of Builders FirstSource in a report on Tuesday. Finally, Robert W. Baird decreased their price target on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $188.57.

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.