GAMMA Investing LLC Grows Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

GAMMA Investing LLC increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,157 shares of the company’s stock after purchasing an additional 97 shares during the period. GAMMA Investing LLC’s holdings in Builders FirstSource were worth $165,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BLDR. Brooklyn Investment Group acquired a new position in shares of Builders FirstSource during the 3rd quarter worth about $28,000. Armstrong Advisory Group Inc. purchased a new stake in Builders FirstSource during the third quarter worth approximately $30,000. Reston Wealth Management LLC acquired a new position in Builders FirstSource in the third quarter valued at approximately $39,000. Brown Brothers Harriman & Co. purchased a new position in Builders FirstSource in the third quarter valued at approximately $46,000. Finally, Friedenthal Financial acquired a new stake in Builders FirstSource during the third quarter worth approximately $50,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business’s 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by corporate insiders.

Builders FirstSource Stock Up 0.2 %

BLDR stock opened at $143.57 on Thursday. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The company has a fifty day moving average of $167.78 and a 200-day moving average of $168.95. The stock has a market capitalization of $16.52 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 0.96 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the business earned $4.24 EPS. Builders FirstSource’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, analysts expect that Builders FirstSource, Inc. will post 11.55 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BLDR. Oppenheimer restated an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Wedbush restated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Bank of America lifted their target price on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and upped their target price for the company from $165.00 to $220.00 in a research report on Monday, September 16th. Finally, Stephens boosted their price objective on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $208.75.

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.