Optimum Investment Advisors Invests $52,000 in Builders FirstSource, Inc. (NYSE:BLDR)

Optimum Investment Advisors bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 250 shares of the company’s stock, valued at approximately $52,000.

Several other institutional investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its holdings in shares of Builders FirstSource by 73.9% in the 4th quarter. Allianz Asset Management GmbH now owns 128,348 shares of the company’s stock worth $21,426,000 after buying an additional 54,557 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Builders FirstSource by 18.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock valued at $9,515,000 after purchasing an additional 9,122 shares during the last quarter. FCF Advisors LLC lifted its holdings in Builders FirstSource by 81.9% during the fourth quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock valued at $3,512,000 after purchasing an additional 9,470 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in Builders FirstSource by 437.8% during the fourth quarter. New York Life Investment Management LLC now owns 17,580 shares of the company’s stock valued at $2,935,000 after purchasing an additional 14,311 shares during the last quarter. Finally, Boulder Hill Capital Management LP purchased a new stake in Builders FirstSource during the fourth quarter valued at about $851,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $143.19 on Friday. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70. The stock has a fifty day moving average of $166.89 and a 200 day moving average of $176.30. The firm has a market capitalization of $17.48 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 2.33 and a beta of 2.08. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period last year, the company earned $2.96 EPS. Builders FirstSource’s revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts expect that Builders FirstSource, Inc. will post 12.93 earnings per share for the current year.

Insider Buying and Selling

In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $170.11, for a total value of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares in the company, valued at $3,855,883.37. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BLDR has been the topic of several analyst reports. Zelman & Associates reiterated a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America decreased their price objective on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Barclays decreased their price objective on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Finally, Jefferies Financial Group upped their price objective on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.13.

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.