American International Group Inc. increased its position in Builders FirstSource, Inc. (NASDAQ:BLDR) by 8.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,888 shares of the company’s stock after purchasing an additional 4,851 shares during the period. American International Group Inc. owned 0.06% of Builders FirstSource worth $1,167,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Alps Advisors Inc. grew its stake in shares of Builders FirstSource by 0.3% in the second quarter. Alps Advisors Inc. now owns 31,670 shares of the company’s stock worth $485,000 after acquiring an additional 82 shares during the last quarter. 1st Global Advisors Inc. grew its stake in shares of Builders FirstSource by 1.0% in the second quarter. 1st Global Advisors Inc. now owns 13,694 shares of the company’s stock worth $210,000 after acquiring an additional 137 shares during the last quarter. Suntrust Banks Inc. grew its stake in shares of Builders FirstSource by 1.9% in the second quarter. Suntrust Banks Inc. now owns 27,934 shares of the company’s stock worth $427,000 after acquiring an additional 515 shares during the last quarter. Wall Street Access Asset Management LLC grew its stake in shares of Builders FirstSource by 5.0% in the second quarter. Wall Street Access Asset Management LLC now owns 16,800 shares of the company’s stock worth $257,000 after acquiring an additional 800 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after acquiring an additional 1,253 shares during the last quarter. 94.55% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently commented on BLDR shares. Zacks Investment Research cut Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. B. Riley increased their target price on Builders FirstSource from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. SunTrust Banks reissued a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a research note on Friday, November 10th. Barclays increased their target price on Builders FirstSource from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Finally, ValuEngine cut Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.00.

Builders FirstSource, Inc. (NASDAQ BLDR) opened at $20.05 on Monday. The stock has a market capitalization of $2,260.00, a price-to-earnings ratio of 19.47 and a beta of 2.15. The company has a current ratio of 1.86, a quick ratio of 1.06 and a debt-to-equity ratio of 4.46. Builders FirstSource, Inc. has a 1-year low of $10.56 and a 1-year high of $20.86.

Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.87 billion. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. analysts predict that Builders FirstSource, Inc. will post 1.06 EPS for the current year.

In other news, SVP Donald F. Mcaleenan sold 166,714 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the transaction, the senior vice president now directly owns 179,805 shares of the company’s stock, valued at $3,265,258.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Peter M. Jackson sold 12,500 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $20.51, for a total value of $256,375.00. Following the transaction, the chief financial officer now directly owns 26,587 shares in the company, valued at $545,299.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 377,598 shares of company stock worth $6,950,025. Corporate insiders own 14.60% of the company’s stock.

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Builders FirstSource Company Profile

Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.

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

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