Cambridge Investment Research Advisors Inc. Raises Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 19.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,487 shares of the company’s stock after acquiring an additional 1,039 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Builders FirstSource were worth $336,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. CENTRAL TRUST Co purchased a new stake in shares of Builders FirstSource during the third quarter worth about $26,000. Toronto Dominion Bank grew its stake in shares of Builders FirstSource by 39,900.0% during the second quarter. Toronto Dominion Bank now owns 800 shares of the company’s stock worth $34,000 after acquiring an additional 798 shares during the last quarter. Goodwin Investment Advisory purchased a new stake in Builders FirstSource in the third quarter valued at approximately $52,000. Solstein Capital LLC boosted its position in Builders FirstSource by 337.3% in the second quarter. Solstein Capital LLC now owns 1,032 shares of the company’s stock valued at $44,000 after buying an additional 796 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in Builders FirstSource in the third quarter valued at approximately $103,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Shares of BLDR stock opened at $78.68 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.08 and a quick ratio of 1.29. The company has a market cap of $15.07 billion, a price-to-earnings ratio of 10.66 and a beta of 2.29. The stock has a 50 day simple moving average of $76.16 and a 200-day simple moving average of $59.81. Builders FirstSource, Inc. has a 1-year low of $37.46 and a 1-year high of $86.48.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, November 4th. The company reported $3.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $1.76. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $4.83 billion. Builders FirstSource had a return on equity of 38.47% and a net margin of 8.00%. The business’s quarterly revenue was up 140.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. Analysts anticipate that Builders FirstSource, Inc. will post 9.26 earnings per share for the current fiscal year.

In other news, Director Floyd F. Sherman sold 38,000 shares of the company’s stock in a transaction that occurred on Friday, December 10th. The stock was sold at an average price of $78.85, for a total transaction of $2,996,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

A number of equities research analysts recently commented on the company. Royal Bank of Canada upped their target price on Builders FirstSource from $70.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, November 5th. Barclays upped their target price on Builders FirstSource from $98.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, December 15th. Zacks Investment Research upgraded Builders FirstSource from a “sell” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Tuesday, November 9th. Zelman & Associates upgraded Builders FirstSource from a “sell” rating to a “buy” rating in a research report on Friday, November 5th. Finally, DA Davidson boosted their price target on Builders FirstSource from $93.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, January 6th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $85.92.

Builders FirstSource Profile

Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, sub-contractors, remodelers and consumers. The firm operates through the following segments: Northeast, Southeast, South and West. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, as well as engineered wood.

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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