Everence Capital Management Inc. Invests $451,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Everence Capital Management Inc. acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,700 shares of the company’s stock, valued at approximately $451,000.

Other large investors have also modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in shares of Builders FirstSource during the 4th quarter worth about $28,000. Rock Creek Group LP purchased a new position in shares of Builders FirstSource during the 3rd quarter worth about $30,000. BluePath Capital Management LLC purchased a new position in shares of Builders FirstSource during the 3rd quarter worth about $31,000. Raleigh Capital Management Inc. lifted its holdings in shares of Builders FirstSource by 134.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock worth $31,000 after acquiring an additional 142 shares during the period. Finally, PSI Advisors LLC lifted its holdings in shares of Builders FirstSource by 57.1% during the 3rd quarter. PSI Advisors LLC now owns 275 shares of the company’s stock worth $34,000 after acquiring an additional 100 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Down 1.5 %

BLDR stock opened at $179.39 on Thursday. The firm has a 50 day simple moving average of $195.53 and a 200-day simple moving average of $162.25. Builders FirstSource, Inc. has a twelve month low of $90.10 and a twelve month high of $214.70. The company has a market capitalization of $21.87 billion, a P/E ratio of 14.96, a PEG ratio of 1.13 and a beta of 2.04. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.01 billion. On average, equities research analysts predict that Builders FirstSource, Inc. will post 13.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research analyst reports. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Royal Bank of Canada increased their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Barclays increased their target price on shares of Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. DA Davidson reissued a “neutral” rating and set a $185.00 target price on shares of Builders FirstSource in a research report on Thursday, March 28th. Finally, Oppenheimer increased their target price on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $186.93.

Insider Buying and Selling

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by company insiders.

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.