BBT Capital Management LLC purchased a new stake in Builders FirstSource, Inc. (NASDAQ:BLDR) in the 4th quarter, HoldingsChannel reports. The fund purchased 30,555 shares of the company’s stock, valued at approximately $333,000.
Several other large investors have also recently modified their holdings of the stock. IndexIQ Advisors LLC lifted its position in shares of Builders FirstSource by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 114,579 shares of the company’s stock valued at $1,682,000 after acquiring an additional 4,328 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Builders FirstSource by 1,143.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 7,897 shares of the company’s stock valued at $538,000 after acquiring an additional 7,262 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Builders FirstSource by 2.2% in the 3rd quarter. Teachers Advisors LLC now owns 381,201 shares of the company’s stock valued at $5,596,000 after acquiring an additional 8,184 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $91,000. Finally, Robotti Robert lifted its position in shares of Builders FirstSource by 0.4% in the 3rd quarter. Robotti Robert now owns 2,075,205 shares of the company’s stock valued at $30,464,000 after acquiring an additional 8,605 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.
BLDR has been the subject of several research analyst reports. TheStreet downgraded shares of Builders FirstSource from a “b-” rating to a “c+” rating in a research report on Thursday, October 25th. BidaskClub upgraded shares of Builders FirstSource from a “strong sell” rating to a “sell” rating in a research report on Friday, October 26th. DA Davidson downgraded shares of Builders FirstSource from a “buy” rating to a “neutral” rating and cut their target price for the stock from $20.00 to $14.00 in a research report on Thursday, January 10th. Barclays cut their target price on shares of Builders FirstSource from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 12th. Finally, Evercore ISI downgraded shares of Builders FirstSource from an “in-line” rating to an “underperform” rating and set a $14.00 target price for the company. in a research report on Monday, November 5th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Builders FirstSource presently has a consensus rating of “Hold” and an average target price of $16.82.
BLDR stock opened at $13.79 on Thursday. Builders FirstSource, Inc. has a 12-month low of $10.15 and a 12-month high of $22.08. The company has a debt-to-equity ratio of 3.39, a current ratio of 2.09 and a quick ratio of 1.21. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 7.64, a P/E/G ratio of 1.64 and a beta of 2.22.
In other Builders FirstSource news, COO David E. Rush purchased 4,000 shares of the business’s stock in a transaction dated Monday, December 10th. The shares were acquired at an average price of $11.73 per share, for a total transaction of $46,920.00. Following the acquisition, the chief operating officer now owns 30,390 shares of the company’s stock, valued at $356,474.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brett N. Milgrim sold 17,676 shares of the firm’s stock in a transaction on Friday, December 14th. The shares were sold at an average price of $11.18, for a total transaction of $197,617.68. Following the transaction, the director now owns 49,399 shares in the company, valued at approximately $552,280.82. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.
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Builders FirstSource Profile
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.
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