GAMMA Investing LLC Makes New $158,000 Investment in Builders FirstSource, Inc. (NYSE:BLDR)

GAMMA Investing LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 910 shares of the company’s stock, valued at approximately $158,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. AE Wealth Management LLC lifted its holdings in Builders FirstSource by 488.4% during the third 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 lifted its holdings in Builders FirstSource by 133.9% during the third 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 bought a new stake in Builders FirstSource during the third quarter worth $1,046,000. Exchange Traded Concepts LLC lifted its holdings in Builders FirstSource by 171.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,685 shares of the company’s stock worth $210,000 after acquiring an additional 1,064 shares during the period. Finally, JGP Wealth Management LLC purchased a new stake in Builders FirstSource in the third quarter worth $560,000. Institutional investors own 95.53% of the company’s stock.

Insider Activity at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

Builders FirstSource Trading Up 1.3 %

NYSE BLDR opened at $187.64 on Friday. Builders FirstSource, Inc. has a 1-year low of $90.35 and a 1-year high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average of $195.18 and a 200-day moving average of $164.58. The firm has a market cap of $22.88 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 1.16 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.01 billion. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 13.83 EPS for the current year.

Wall Street Analyst Weigh In

BLDR has been the subject of several recent research reports. Barclays lifted their price target on Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Royal Bank of Canada lifted their price target on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Oppenheimer lifted their price target on Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Jefferies Financial Group lifted their price target on Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their price target for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $190.06.

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.