Wedge Capital Management L L P NC Grows Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Wedge Capital Management L L P NC increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 21.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,242 shares of the company’s stock after buying an additional 11,695 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Builders FirstSource were worth $11,225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. acquired a new position in Builders FirstSource in the third quarter valued at $1,148,000. AE Wealth Management LLC grew its stake in Builders FirstSource by 488.4% in the 3rd quarter. AE Wealth Management LLC now owns 9,720 shares of the company’s stock worth $1,210,000 after acquiring an additional 8,068 shares during the period. IFP Advisors Inc grew its stake in Builders FirstSource by 133.9% in the 3rd quarter. IFP Advisors Inc now owns 655 shares of the company’s stock worth $82,000 after acquiring an additional 375 shares during the period. SG Americas Securities LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $1,046,000. Finally, Ziegler Capital Management LLC lifted its holdings in shares of Builders FirstSource by 3.8% during the 3rd quarter. Ziegler Capital Management LLC now owns 2,957 shares of the company’s stock valued at $368,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on BLDR shares. DA Davidson reiterated a “neutral” rating and issued a $185.00 price objective on shares of Builders FirstSource in a report on Thursday, March 28th. Jefferies Financial Group increased their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Wedbush boosted their price target on shares of Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Barclays increased their price target on shares of Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Finally, StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.06.

Builders FirstSource Stock Up 3.0 %

Shares of NYSE BLDR traded up $5.40 during midday trading on Tuesday, reaching $183.61. The company’s stock had a trading volume of 157,947 shares, compared to its average volume of 1,231,233. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67. Builders FirstSource, Inc. has a fifty-two week low of $90.10 and a fifty-two week high of $214.70. The stock has a market capitalization of $22.39 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.08 and a beta of 2.04. The stock has a 50 day simple moving average of $195.12 and a 200-day simple moving average of $163.80.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.01 billion. Equities research analysts predict that Builders FirstSource, Inc. will post 13.84 earnings per share for the current year.

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.