Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 30.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,208 shares of the company’s stock after buying an additional 1,230 shares during the period. Perigon Wealth Management LLC’s holdings in Builders FirstSource were worth $744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BLDR. Brooklyn Investment Group acquired a new stake in Builders FirstSource during the 3rd quarter worth about $28,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Builders FirstSource in the third quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource during the fourth quarter worth about $33,000. Reston Wealth Management LLC purchased a new position in Builders FirstSource during the third quarter valued at approximately $39,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Builders FirstSource in the third quarter valued at approximately $46,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Down 3.1 %

NYSE BLDR opened at $167.29 on Friday. The business’s fifty day simple moving average is $161.93 and its 200-day simple moving average is $171.30. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The firm has a market cap of $19.25 billion, a PE ratio of 16.34, a P/E/G ratio of 0.92 and a beta of 2.11. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.24 earnings per share. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 11.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BLDR shares. Jefferies Financial Group increased their price target on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Stifel Nicolaus restated a “buy” rating and set a $175.00 target price on shares of Builders FirstSource in a research report on Wednesday, January 8th. The Goldman Sachs Group assumed coverage on Builders FirstSource in a report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target for the company. UBS Group started coverage on Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 price objective on the stock. Finally, Robert W. Baird upped their target price on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the transaction, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Builders FirstSource Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.