KPP Advisory Services LLC Acquires 340 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

KPP Advisory Services LLC grew its holdings in Builders FirstSource, Inc. (NYSE:BLDRFree Report) by 19.7% in the 4th quarter, Holdings Channel reports. The fund owned 2,065 shares of the company’s stock after purchasing an additional 340 shares during the quarter. KPP Advisory Services LLC’s holdings in Builders FirstSource were worth $295,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Miracle Mile Advisors LLC acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at about $405,000. JPMorgan Chase & Co. lifted its stake in Builders FirstSource by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock valued at $153,766,000 after acquiring an additional 58,436 shares in the last quarter. Oak Thistle LLC acquired a new position in Builders FirstSource during the 4th quarter worth approximately $1,136,000. Forsta AP Fonden grew its stake in shares of Builders FirstSource by 12.1% during the 3rd quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock worth $5,195,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Builders FirstSource by 38.5% in the third quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock valued at $39,025,000 after purchasing an additional 56,009 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Activity

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

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $162.94 on Tuesday. The stock has a market capitalization of $18.75 billion, a PE ratio of 15.91, a PEG ratio of 0.92 and a beta of 2.12. The business’s 50 day simple moving average is $161.40 and its 200 day simple moving average is $171.46. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70.

Builders FirstSource (NYSE:BLDRGet Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period last year, the business earned $4.24 EPS. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.52 earnings per share for the current year.

Analysts Set New Price Targets

BLDR has been the subject of several recent research reports. Stephens increased their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Barclays decreased their price objective on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. UBS Group assumed 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. Oppenheimer restated an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a research note on Tuesday, October 29th. Finally, Robert W. Baird upped their price objective 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 analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

Read Our Latest Stock Report on Builders FirstSource

Builders FirstSource Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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