Builders FirstSource, Inc. (NYSE:BLDR) is Westfield Capital Management Co. LP’s 10th Largest Position

Westfield Capital Management Co. LP raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,416,611 shares of the company’s stock after buying an additional 143,041 shares during the period. Builders FirstSource comprises approximately 1.4% of Westfield Capital Management Co. LP’s portfolio, making the stock its 10th largest position. Westfield Capital Management Co. LP owned about 1.15% of Builders FirstSource worth $236,489,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new position in shares of Builders FirstSource during the fourth quarter valued at about $25,000. Contravisory Investment Management Inc. bought a new position in shares of Builders FirstSource during the fourth quarter valued at about $28,000. Rakuten Securities Inc. bought a new position in shares of Builders FirstSource during the fourth quarter valued at about $29,000. Rock Creek Group LP bought a new position in shares of Builders FirstSource during the third quarter valued at about $30,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of Builders FirstSource by 134.0% during the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock valued at $31,000 after acquiring an additional 142 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Up 2.9 %

Shares of NYSE:BLDR traded up $4.84 during trading on Friday, reaching $171.20. 1,452,831 shares of the stock traded hands, compared to its average volume of 1,451,647. The stock has a 50-day moving average of $187.19 and a two-hundred day moving average of $173.30. Builders FirstSource, Inc. has a 52-week low of $105.24 and a 52-week high of $214.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. The stock has a market cap of $20.90 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 1.48 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the prior year, the company posted $2.96 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 13.12 earnings per share for the current fiscal year.

Insider Activity

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the sale, the director now owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BLDR shares. Barclays decreased their price target on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Oppenheimer increased their price target on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Robert W. Baird decreased their price target on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Finally, Jefferies Financial Group increased their price target on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and a consensus target price of $196.27.

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.