Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Argent Capital Management LLC

Argent Capital Management LLC raised its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 9.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 36,952 shares of the company’s stock after acquiring an additional 3,320 shares during the period. Argent Capital Management LLC’s holdings in Builders FirstSource were worth $5,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Builders FirstSource by 8.0% in the third quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after acquiring an additional 58,436 shares during the last quarter. Forsta AP Fonden increased its holdings in shares of Builders FirstSource by 12.1% during the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock valued at $5,195,000 after purchasing an additional 2,900 shares during the period. Oak Thistle LLC bought a new stake in shares of Builders FirstSource during the 4th quarter worth about $1,136,000. Principal Financial Group Inc. lifted its position in Builders FirstSource by 38.5% in the third quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock worth $39,025,000 after purchasing an additional 56,009 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Builders FirstSource by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company’s stock valued at $152,343,000 after buying an additional 16,000 shares during the period. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $161.37 on Thursday. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The stock’s 50-day moving average is $164.64 and its 200 day moving average is $169.15. The stock has a market cap of $18.57 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 0.96 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR) last released its quarterly 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 business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.24 EPS. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

Insider Activity at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction that occurred 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 directly owns 33,083 shares in the company, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BLDR shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price objective on shares of Builders FirstSource in a research note on Wednesday, January 8th. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank of Canada increased their target price 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. DA Davidson boosted their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Barclays lifted their price target on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.75.

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.