Engineers Gate Manager LP bought a new stake in Builders FirstSource, Inc. (NASDAQ:BLDR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 59,399 shares of the company’s stock, valued at approximately $1,069,000. Engineers Gate Manager LP owned 0.05% of Builders FirstSource as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BLDR. Eagle Asset Management Inc. lifted its holdings in Builders FirstSource by 30.9% in the third quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock valued at $74,936,000 after buying an additional 997,132 shares during the period. Hodges Capital Management Inc. acquired a new position in shares of Builders FirstSource during the third quarter valued at about $12,170,000. Impala Asset Management LLC acquired a new position in shares of Builders FirstSource during the second quarter valued at about $9,498,000. BlackRock Inc. raised its holdings in shares of Builders FirstSource by 8.9% during the second quarter. BlackRock Inc. now owns 6,912,890 shares of the company’s stock valued at $105,905,000 after purchasing an additional 563,694 shares during the period. Finally, Formula Growth Ltd. raised its holdings in shares of Builders FirstSource by 41.9% during the second quarter. Formula Growth Ltd. now owns 1,633,585 shares of the company’s stock valued at $25,027,000 after purchasing an additional 482,228 shares during the period. Institutional investors and hedge funds own 94.55% of the company’s stock.

Builders FirstSource, Inc. (BLDR) opened at $20.17 on Wednesday. Builders FirstSource, Inc. has a fifty-two week low of $10.56 and a fifty-two week high of $20.86. The firm has a market cap of $2,315.30, a PE ratio of 19.90 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 (NASDAQ:BLDR) last posted its earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. sell-side analysts forecast that Builders FirstSource, Inc. will post 1.06 EPS for the current fiscal year.

In related news, SVP Donald F. Mcaleenan sold 166,714 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $18.16, for a total value of $3,027,526.24. Following the sale, the senior vice president now owns 179,805 shares in the company, valued at approximately $3,265,258.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter M. Jackson sold 12,500 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $20.51, for a total transaction of $256,375.00. Following the completion of the sale, the chief financial officer now owns 26,587 shares in the company, valued at approximately $545,299.37. The disclosure for this sale can be found here. Insiders sold a total of 377,598 shares of company stock worth $6,950,025 in the last 90 days. 14.60% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on the stock. ValuEngine lowered shares of Builders FirstSource from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Monday, November 13th. SunTrust Banks reiterated a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a report on Friday, November 10th. Barclays upped their price objective on shares of Builders FirstSource from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. Finally, Citigroup upped their price objective on shares of Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $20.00.

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About Builders FirstSource

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.

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

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