Merit Financial Group LLC Makes New $251,000 Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Merit Financial Group LLC purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,758 shares of the company’s stock, valued at approximately $251,000.

Other large investors have also recently modified their holdings of the company. ProShare Advisors LLC increased its stake in Builders FirstSource by 22.4% during the 2nd quarter. ProShare Advisors LLC now owns 19,216 shares of the company’s stock valued at $2,660,000 after purchasing an additional 3,517 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Builders FirstSource by 69.7% during the second quarter. Public Sector Pension Investment Board now owns 4,730 shares of the company’s stock valued at $655,000 after buying an additional 1,943 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Builders FirstSource by 58.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,356 shares of the company’s stock valued at $3,233,000 after acquiring an additional 8,628 shares in the last quarter. AXA S.A. raised its holdings in Builders FirstSource by 3.1% in the 2nd quarter. AXA S.A. now owns 51,478 shares of the company’s stock worth $7,125,000 after acquiring an additional 1,562 shares during the last quarter. Finally, APG Asset Management N.V. lifted its position in Builders FirstSource by 4.3% in the 2nd quarter. APG Asset Management N.V. now owns 331,136 shares of the company’s stock valued at $42,764,000 after acquiring an additional 13,621 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research analyst reports. DA Davidson lifted their target price on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. UBS Group began coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They issued a “buy” rating and a $232.00 price target for the company. Wedbush restated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Finally, Raymond James began coverage on shares of Builders FirstSource in a report on Friday, January 17th. They issued an “outperform” rating and a $180.00 target price on the stock. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $205.71.

Builders FirstSource Price Performance

BLDR opened at $166.76 on Friday. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.90 and a beta of 2.11. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The business’s fifty day simple moving average is $162.62 and its 200-day simple moving average is $170.66.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the company earned $4.24 earnings per share. The firm’s revenue was down 6.7% on a year-over-year basis. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.53 earnings per share for the current fiscal year.

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 currently owned by insiders.

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.