Merit Financial Group LLC Makes New Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Merit Financial Group LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,758 shares of the company’s stock, valued at approximately $251,000.

Other hedge funds have also recently modified their holdings of the company. ProShare Advisors LLC increased its stake in Builders FirstSource by 22.4% during the 2nd quarter. ProShare Advisors LLC now owns 19,216 shares of the company’s stock valued at $2,660,000 after purchasing an additional 3,517 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Builders FirstSource by 69.7% during the second quarter. Public Sector Pension Investment Board now owns 4,730 shares of the company’s stock valued at $655,000 after buying an additional 1,943 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Builders FirstSource by 58.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,356 shares of the company’s stock valued at $3,233,000 after acquiring an additional 8,628 shares during the period. AXA S.A. raised its stake in Builders FirstSource by 3.1% in the 2nd quarter. AXA S.A. now owns 51,478 shares of the company’s stock worth $7,125,000 after acquiring an additional 1,562 shares during the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of Builders FirstSource by 4.3% in the second quarter. APG Asset Management N.V. now owns 331,136 shares of the company’s stock valued at $42,764,000 after purchasing an additional 13,621 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Jefferies Financial Group upped their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Barclays reduced their target price on shares of Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Stephens upped their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, UBS Group initiated coverage on Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $205.71.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.80% of the company’s stock.

Builders FirstSource Price Performance

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

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.24 EPS. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.53 earnings per share for the current fiscal year.

About Builders FirstSource

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.