Brophy Wealth Management LLC Purchases Shares of 4,609 Builders FirstSource, Inc. (NYSE:BLDR)

Brophy Wealth Management LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,609 shares of the company’s stock, valued at approximately $894,000.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank of Canada boosted their target price on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Jefferies Financial Group upped their price objective on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group initiated coverage on Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 target price on the stock. Robert W. Baird upped their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, UBS Group began coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They issued a “buy” rating and a $232.00 price target on the stock. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $210.00.

Builders FirstSource Stock Up 0.7 %

Builders FirstSource stock opened at $177.07 on Tuesday. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70. The business has a fifty day moving average of $183.66 and a two-hundred day moving average of $169.00. The firm has a market cap of $20.38 billion, a P/E ratio of 17.29, a P/E/G ratio of 0.98 and a beta of 2.06. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

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

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

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.