J2 Capital Management Inc Takes $583,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

J2 Capital Management Inc purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,078 shares of the company’s stock, valued at approximately $583,000.

Several other institutional investors have also added to or reduced their stakes in the company. Miracle Mile Advisors LLC bought a new stake in Builders FirstSource during the fourth quarter worth about $405,000. JPMorgan Chase & Co. lifted its holdings in shares of Builders FirstSource by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after acquiring an additional 58,436 shares during the period. Oak Thistle LLC acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at $1,136,000. Forsta AP Fonden boosted its stake in Builders FirstSource by 12.1% in the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock valued at $5,195,000 after buying an additional 2,900 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Builders FirstSource by 38.5% in the 3rd quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock valued at $39,025,000 after purchasing an additional 56,009 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of research reports. Stifel Nicolaus restated a “buy” rating and set a $175.00 price objective on shares of Builders FirstSource in a research report on Wednesday, January 8th. Jefferies Financial Group boosted their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Royal Bank of Canada raised their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. UBS Group assumed coverage on Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 price objective for the company. Finally, DA Davidson lifted their target price on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Moderate Buy” and an average price target of $205.71.

Insiders Place Their Bets

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

Builders FirstSource Stock Up 2.1 %

Builders FirstSource stock opened at $164.09 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $18.88 billion, a PE ratio of 16.02, a PEG ratio of 0.75 and a beta of 2.11. The firm’s fifty day moving average is $163.99 and its 200 day moving average is $169.54. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) 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 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 period last year, the company earned $4.24 EPS. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

Builders FirstSource 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.