Builders FirstSource, Inc. (BLDR) Shares Bought by LSV Asset Management

LSV Asset Management grew its holdings in Builders FirstSource, Inc. (NASDAQ:BLDR) by 112.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,246,332 shares of the company’s stock after acquiring an additional 660,103 shares during the period. LSV Asset Management owned about 1.10% of Builders FirstSource worth $27,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of BLDR. Schwab Charles Investment Management Inc. raised its holdings in shares of Builders FirstSource by 9.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 402,672 shares of the company’s stock valued at $6,169,000 after buying an additional 36,217 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Builders FirstSource by 156.4% during the second quarter. Ameriprise Financial Inc. now owns 218,727 shares of the company’s stock worth $3,351,000 after purchasing an additional 133,410 shares in the last quarter. Fisher Asset Management LLC purchased a new position in Builders FirstSource during the third quarter worth about $1,290,000. Boston Advisors LLC purchased a new position in Builders FirstSource during the third quarter worth about $304,000. Finally, Strs Ohio purchased a new position in Builders FirstSource during the third quarter worth about $1,133,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) traded up $0.34 during mid-day trading on Thursday, reaching $19.82. 1,661,100 shares of the company’s stock traded hands, compared to its average volume of 1,396,148. Builders FirstSource, Inc. has a 52 week low of $12.12 and a 52 week high of $23.28. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. The firm has a market cap of $2,260.00, a price-to-earnings ratio of 26.08 and a beta of 2.01.

In other Builders FirstSource news, CFO Peter M. Jackson sold 12,500 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $20.51, for a total transaction of $256,375.00. Following the sale, the chief financial officer now directly owns 26,587 shares in the company, valued at approximately $545,299.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Floyd F. Sherman sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $19.43, for a total transaction of $777,200.00. Following the completion of the sale, the chief executive officer now owns 623,635 shares in the company, valued at $12,117,228.05. The disclosure for this sale can be found here. Insiders own 14.60% of the company’s stock.

Several research analysts have weighed in on the stock. Barclays set a $21.00 target price on shares of Builders FirstSource and gave the stock a “hold” rating in a research report on Sunday, January 7th. SunTrust Banks reiterated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research report on Friday, November 10th. Citigroup increased their price target on shares of Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Seaport Global Securities restated a “buy” rating and set a $26.00 target price on shares of Builders FirstSource in a research report on Wednesday, January 3rd. Finally, BidaskClub lowered shares of Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 11th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.41.

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About Builders FirstSource

Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.

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

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