Exchange Traded Concepts LLC Purchases 642 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Exchange Traded Concepts LLC boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,222 shares of the company’s stock after purchasing an additional 642 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Builders FirstSource were worth $1,604,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Mountaineer Partners Management LLC purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $2,099,877,000. FMR LLC raised its position in Builders FirstSource by 45.7% during the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after purchasing an additional 3,186,876 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Builders FirstSource by 23.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock valued at $282,697,000 after purchasing an additional 277,897 shares during the last quarter. Baillie Gifford & Co. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $267,132,000. Finally, Diamond Hill Capital Management Inc. bought a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $255,867,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $173.57 on Tuesday. The company’s 50 day moving average is $162.52 and its 200 day moving average is $171.09. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The firm has a market cap of $19.98 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 0.90 and a beta of 2.11. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70.

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

Wall Street Analyst Weigh In

BLDR has been the subject of a number of analyst reports. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Robert W. Baird lifted their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Royal Bank of Canada increased their price objective on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Barclays dropped their target price on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Finally, Stephens increased their price target on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

Insider Transactions at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was 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 owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.80% of the company’s stock.

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.