Tabor Asset Management LP Has $5.99 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Tabor Asset Management LP raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 56.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,874 shares of the company’s stock after acquiring an additional 11,185 shares during the period. Builders FirstSource comprises about 2.9% of Tabor Asset Management LP’s investment portfolio, making the stock its 13th largest holding. Tabor Asset Management LP’s holdings in Builders FirstSource were worth $5,985,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDR. Mountaineer Partners Management LLC bought a new stake in shares of Builders FirstSource in the third quarter valued at about $2,099,877,000. FMR LLC lifted its holdings in shares of Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after purchasing an additional 3,186,876 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Builders FirstSource by 23.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock valued at $282,697,000 after purchasing an additional 277,897 shares in the last quarter. Baillie Gifford & Co. bought a new stake in shares of Builders FirstSource in the third quarter valued at about $267,132,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in shares of Builders FirstSource in the third quarter valued at about $255,867,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays boosted their price target on Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Royal Bank of Canada upped their target price on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Bank of America upped their target price on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. 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 report on Wednesday, October 16th. Finally, Stephens upped their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $206.47.

Insider Activity

In related news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the sale, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This 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. 1.80% of the stock is owned by company insiders.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $175.89 on Friday. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70. The business’s 50 day moving average price is $184.36 and its two-hundred day moving average price is $168.85. 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 company has a market cap of $20.24 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.03 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the company posted $4.24 EPS. Builders FirstSource’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, analysts predict that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

Builders FirstSource Company 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.