Tran Capital Management L.P. Acquires Shares of 53,715 Builders FirstSource, Inc. (NYSE:BLDR)

Tran Capital Management L.P. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 53,715 shares of the company’s stock, valued at approximately $7,677,000. Builders FirstSource accounts for 0.9% of Tran Capital Management L.P.’s portfolio, making the stock its 27th largest position.

Several other institutional investors have also recently made changes to their positions in BLDR. Cyndeo Wealth Partners LLC grew its stake in Builders FirstSource by 3.7% in the third quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock worth $305,000 after purchasing an additional 56 shares during the period. World Equity Group Inc. grew its position in shares of Builders FirstSource by 4.1% in the 3rd quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock worth $316,000 after buying an additional 64 shares during the period. HighTower Advisors LLC increased its stake in shares of Builders FirstSource by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after acquiring an additional 64 shares in the last quarter. Integrated Investment Consultants LLC lifted its position in Builders FirstSource by 0.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after acquiring an additional 65 shares during the period. Finally, Private Trust Co. NA boosted its stake in Builders FirstSource by 14.6% during the third quarter. Private Trust Co. NA now owns 642 shares of the company’s stock worth $124,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource 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 transaction, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

Builders FirstSource Stock Performance

BLDR stock opened at $166.76 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. The company has a market cap of $19.19 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 0.90 and a beta of 2.11. The stock’s fifty day moving average price is $162.62 and its 200-day moving average price is $170.66.

Builders FirstSource (NYSE:BLDR) last announced its earnings results 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). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the business posted $4.24 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BLDR shares. Oppenheimer reiterated an “outperform” rating and set a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Raymond James initiated coverage on Builders FirstSource in a research note on Friday, January 17th. They set an “outperform” rating and a $180.00 price objective for the company. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 target price on shares of Builders FirstSource in a research note on Wednesday, January 8th. Barclays lowered their price target on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Finally, Jefferies Financial Group increased their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

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.