Park West Asset Management LLC grew its holdings in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 86.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 970,333 shares of the company’s stock after buying an additional 449,622 shares during the quarter. Park West Asset Management LLC’s holdings in Builders FirstSource were worth $19,251,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Builders FirstSource by 22.1% during the 4th quarter. BlackRock Inc. now owns 8,812,200 shares of the company’s stock valued at $192,018,000 after acquiring an additional 1,594,755 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Builders FirstSource by 4.9% during the 4th quarter. Eagle Asset Management Inc. now owns 4,429,047 shares of the company’s stock valued at $96,209,000 after acquiring an additional 204,898 shares in the last quarter. Carillon Tower Advisers Inc. raised its position in shares of Builders FirstSource by 1.9% during the 1st quarter. Carillon Tower Advisers Inc. now owns 3,393,907 shares of the company’s stock valued at $63,635,000 after acquiring an additional 63,950 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Builders FirstSource by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,376,833 shares of the company’s stock valued at $66,996,000 after acquiring an additional 31,109 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its position in shares of Builders FirstSource by 3.9% during the 1st quarter. Hennessy Advisors Inc. now owns 1,800,500 shares of the company’s stock valued at $35,722,000 after acquiring an additional 67,100 shares in the last quarter. Institutional investors own 94.85% of the company’s stock.

In other Builders FirstSource news, Director Brett N. Milgrim sold 34,930 shares of the stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $19.57, for a total value of $683,580.10. Following the sale, the director now directly owns 60,265 shares of the company’s stock, valued at $1,179,386.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by company insiders.

Shares of Builders FirstSource opened at $19.59 on Thursday, according to MarketBeat. Builders FirstSource, Inc. has a 1-year low of $14.39 and a 1-year high of $23.28. The company has a current ratio of 2.09, a quick ratio of 1.15 and a debt-to-equity ratio of 4.81. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 15.43 and a beta of 2.06.

Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Wednesday, May 9th. The company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.08. Builders FirstSource had a return on equity of 41.83% and a net margin of 0.81%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the company earned $0.11 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. sell-side analysts anticipate that Builders FirstSource, Inc. will post 1.87 EPS for the current fiscal year.

Several research firms recently issued reports on BLDR. Stifel Nicolaus reissued a “buy” rating on shares of Builders FirstSource in a research report on Friday, March 2nd. BidaskClub raised Builders FirstSource from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 22nd. Zacks Investment Research lowered Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Wedbush reissued an “outperform” rating and set a $30.00 price target on shares of Builders FirstSource in a research report on Thursday, March 1st. Finally, ValuEngine lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $23.14.

Builders FirstSource Company Profile

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

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Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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