Macquarie Group Ltd. purchased a new stake in Builders FirstSource, Inc. (NASDAQ:BLDR) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 25,300 shares of the company’s stock, valued at approximately $455,000.

A number of other large investors also recently made changes to their positions in BLDR. Eagle Asset Management Inc. grew its position in Builders FirstSource by 34.4% in the second quarter. Eagle Asset Management Inc. now owns 3,227,017 shares of the company’s stock valued at $49,437,000 after acquiring an additional 825,756 shares during the period. Hodges Capital Management Inc. bought a new stake in Builders FirstSource in the third quarter valued at $12,170,000. Impala Asset Management LLC bought a new stake in Builders FirstSource in the second quarter valued at $9,498,000. BlackRock Inc. grew its position in Builders FirstSource by 8.9% in the second quarter. BlackRock Inc. now owns 6,912,890 shares of the company’s stock valued at $105,905,000 after acquiring an additional 563,694 shares during the period. Finally, Formula Growth Ltd. grew its position in Builders FirstSource by 41.9% in the second quarter. Formula Growth Ltd. now owns 1,633,585 shares of the company’s stock valued at $25,027,000 after acquiring an additional 482,228 shares during the period. Hedge funds and other institutional investors own 94.55% of the company’s stock.

Several analysts have recently commented on BLDR shares. Wedbush restated a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a report on Thursday, September 7th. B. Riley increased their target price on Builders FirstSource from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 10th. ValuEngine cut Builders FirstSource from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. SunTrust Banks restated a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a report on Friday, November 10th. Finally, Barclays increased their target price on Builders FirstSource from $15.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.00.

In related news, SVP Donald F. Mcaleenan sold 166,714 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $18.16, for a total value of $3,027,526.24. Following the transaction, the senior vice president now owns 179,805 shares in the company, valued at $3,265,258.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Peter M. Jackson sold 12,500 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $20.51, for a total value of $256,375.00. Following the completion of the transaction, 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. In the last quarter, insiders sold 377,598 shares of company stock worth $6,950,025. 14.60% of the stock is owned by company insiders.

Shares of Builders FirstSource, Inc. (NASDAQ BLDR) opened at $19.73 on Friday. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. The company has a market capitalization of $2,230.00, a price-to-earnings ratio of 19.58 and a beta of 2.15. 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 earnings results on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. research analysts expect that Builders FirstSource, Inc. will post 1.06 EPS for the current fiscal year.

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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.

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

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