Telemus Capital LLC Raises Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Telemus Capital LLC raised its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,468 shares of the company’s stock after buying an additional 1,676 shares during the quarter. Telemus Capital LLC’s holdings in Builders FirstSource were worth $8,759,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Builders FirstSource by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock valued at $1,578,876,000 after buying an additional 96,638 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Builders FirstSource by 80.8% during the 3rd quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock worth $243,516,000 after purchasing an additional 874,268 shares during the period. AQR Capital Management LLC grew its holdings in shares of Builders FirstSource by 19.5% during the 3rd quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company’s stock worth $195,931,000 after purchasing an additional 256,609 shares during the period. Northern Trust Corp grew its holdings in shares of Builders FirstSource by 8.6% during the 3rd quarter. Northern Trust Corp now owns 1,254,464 shares of the company’s stock worth $156,168,000 after purchasing an additional 99,792 shares during the period. Finally, Dendur Capital LP grew its holdings in shares of Builders FirstSource by 3.0% during the 3rd quarter. Dendur Capital LP now owns 1,034,903 shares of the company’s stock worth $128,835,000 after purchasing an additional 30,000 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Trading Up 0.6 %

NYSE:BLDR opened at $178.18 on Tuesday. The stock’s 50 day moving average price is $195.12 and its 200 day moving average price is $163.80. The company has a market capitalization of $21.73 billion, a PE ratio of 14.86, a P/E/G ratio of 1.08 and a beta of 2.04. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. Builders FirstSource, Inc. has a 52-week low of $90.10 and a 52-week high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.01 billion. On average, research analysts anticipate that Builders FirstSource, Inc. will post 13.84 EPS for the current year.

Analyst Upgrades and Downgrades

BLDR has been the topic of several research reports. Royal Bank of Canada increased their target price on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. DA Davidson reaffirmed a “neutral” rating and issued a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Bank of America raised Builders FirstSource from a “neutral” rating to a “buy” rating and increased their price target for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Barclays increased 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. Finally, StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $190.06.

Insider Buying and Selling at Builders FirstSource

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 stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the transaction, the director now directly owns 28,738 shares in the company, valued at approximately $5,747,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

Builders FirstSource 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.