E Fund Management Hong Kong Co. Ltd. Purchases Shares of 233 Builders FirstSource, Inc. (NYSE:BLDR)

E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, Holdings Channel reports. The institutional investor bought 233 shares of the company’s stock, valued at approximately $33,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Public Sector Pension Investment Board raised its holdings in shares of Builders FirstSource by 69.7% in the second quarter. Public Sector Pension Investment Board now owns 4,730 shares of the company’s stock worth $655,000 after acquiring an additional 1,943 shares during the last quarter. AXA S.A. boosted its holdings in Builders FirstSource by 3.1% in the second quarter. AXA S.A. now owns 51,478 shares of the company’s stock valued at $7,125,000 after purchasing an additional 1,562 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Builders FirstSource by 61.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 395 shares of the company’s stock valued at $55,000 after purchasing an additional 150 shares during the last quarter. Invst LLC raised its stake in Builders FirstSource by 6.6% during the second quarter. Invst LLC now owns 5,606 shares of the company’s stock valued at $751,000 after buying an additional 347 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $383,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insiders Place Their Bets

In related news, Director Cleveland A. Christophe sold 10,000 shares of the company’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 sale, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BLDR shares. Robert W. Baird increased their price target on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group assumed coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They set a “buy” rating and a $225.00 target price on the stock. 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 research report on Thursday, November 7th. Raymond James started coverage on shares of Builders FirstSource in a report on Friday, January 17th. They set an “outperform” rating and a $180.00 price target for the company. Finally, Jefferies Financial Group increased their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and a consensus price target of $205.71.

Builders FirstSource Price Performance

BLDR stock opened at $166.76 on Monday. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70. The company has a fifty day moving average price of $162.62 and a 200-day moving average price of $170.90. The company has a market capitalization of $19.19 billion, a P/E ratio of 16.29, a PEG ratio of 0.90 and a beta of 2.11. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share (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 business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the business earned $4.24 earnings per share. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. As a group, equities analysts expect that Builders FirstSource, Inc. will post 11.53 EPS for the current year.

Builders FirstSource 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.