Avantax Planning Partners Inc. Purchases New Position in Builders FirstSource, Inc. (NYSE:BLDR)

Avantax Planning Partners Inc. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,459 shares of the company’s stock, valued at approximately $244,000.

A number of other hedge funds also recently bought and sold shares of BLDR. Norges Bank purchased a new stake in Builders FirstSource during the fourth quarter valued at approximately $212,209,000. Invesco Ltd. lifted its position in Builders FirstSource by 80.8% in the third quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock worth $243,516,000 after buying an additional 874,268 shares during the last quarter. Boston Partners increased its position in Builders FirstSource by 73.5% during the fourth quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after acquiring an additional 578,961 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Builders FirstSource by 30,560.2% in the third quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company’s stock valued at $69,506,000 after acquiring an additional 556,501 shares during the period. Finally, Jupiter Asset Management Ltd. raised its stake in shares of Builders FirstSource by 678.1% in the third quarter. Jupiter Asset Management Ltd. now owns 493,071 shares of the company’s stock valued at $61,382,000 after acquiring an additional 429,699 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the sale, the director now directly owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and boosted their target price for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Oppenheimer boosted their target price on shares of Builders FirstSource from $220.00 to $242.00 and gave the company 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 note on Thursday, March 28th. Royal Bank of Canada upped their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, Robert W. Baird lowered their price target on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.27.

Builders FirstSource Stock Up 2.8 %

BLDR stock traded up $4.74 on Friday, hitting $171.10. 1,452,952 shares of the company’s stock were exchanged, compared to its average volume of 2,258,828. The firm has a 50 day moving average price of $187.19 and a two-hundred day moving average price of $173.30. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70. The stock has a market cap of $20.88 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 1.49 and a beta of 2.08. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.23. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.83 billion. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.96 EPS. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 13.12 EPS for the current fiscal year.

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.