Stifel Financial Corp boosted its holdings in Builders FirstSource, Inc. (NASDAQ:BLDR) by 3.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 127,371 shares of the company’s stock after buying an additional 4,738 shares during the period. Stifel Financial Corp owned 0.11% of Builders FirstSource worth $2,287,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. OxFORD Asset Management LLP purchased a new stake in Builders FirstSource in the 3rd quarter worth $2,481,000. Dimensional Fund Advisors LP increased its stake in Builders FirstSource by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,257,642 shares of the company’s stock worth $58,604,000 after buying an additional 63,672 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Builders FirstSource by 16.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 468,203 shares of the company’s stock worth $8,423,000 after buying an additional 65,531 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in Builders FirstSource in the 3rd quarter worth $2,506,000. Finally, Wells Fargo & Company MN increased its stake in Builders FirstSource by 37.6% in the 3rd quarter. Wells Fargo & Company MN now owns 412,025 shares of the company’s stock worth $7,413,000 after buying an additional 112,629 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

BLDR has been the subject of a number of research analyst reports. Citigroup raised their price objective on Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. B. Riley restated a “buy” rating on shares of Builders FirstSource in a research report on Wednesday, November 1st. Wedbush restated a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research report on Thursday, September 7th. ValuEngine lowered Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. 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 company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $20.00.

In related news, CEO Floyd F. Sherman sold 40,000 shares of Builders FirstSource stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $19.43, for a total value of $777,200.00. Following the completion of the transaction, the chief executive officer now owns 623,635 shares in the company, valued at $12,117,228.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Donald F. Mcaleenan sold 166,714 shares of Builders FirstSource 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 completion of the transaction, the senior vice president now owns 179,805 shares of the company’s stock, valued at approximately $3,265,258.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 377,598 shares of company stock valued at $6,950,025. Company insiders own 14.60% of the company’s stock.

Builders FirstSource, Inc. (NASDAQ:BLDR) opened at $20.47 on Thursday. The firm has a market capitalization of $2,310.00, a PE ratio of 19.84 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 12-month low of $10.56 and a 12-month high of $20.86.

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

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Builders FirstSource 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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