E Fund Management Hong Kong Co. Ltd. Takes Position in Builders FirstSource, Inc. (NYSE:BLDR)

E Fund Management Hong Kong Co. Ltd. purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 233 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in Builders FirstSource during the 3rd quarter valued at about $28,000. Armstrong Advisory Group Inc. acquired a new position in shares of Builders FirstSource in the third quarter valued at approximately $30,000. Reston Wealth Management LLC acquired a new position in Builders FirstSource during the third quarter worth $39,000. Brown Brothers Harriman & Co. acquired a new position in Builders FirstSource during the third quarter worth $46,000. Finally, Mather Group LLC. boosted its position in Builders FirstSource by 340.7% during the third quarter. Mather Group LLC. now owns 260 shares of the company’s stock worth $50,000 after purchasing an additional 201 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Builders FirstSource Price Performance

Shares of BLDR opened at $166.76 on Monday. The stock has a market cap of $19.19 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.90 and a beta of 2.11. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The firm’s 50-day simple moving average is $162.62 and its two-hundred day simple moving average is $170.90.

Builders FirstSource (NYSE:BLDR) last released its quarterly 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 business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.24 earnings per share. Analysts anticipate that Builders FirstSource, Inc. will post 11.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLDR has been the subject of several analyst reports. The Goldman Sachs Group assumed coverage on Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 target price for the company. UBS Group started coverage on Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price target on shares of Builders FirstSource in a report on Wednesday, January 8th. Royal Bank of Canada lifted their price target on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer reissued an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $205.71.

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.