Argent Capital Management LLC Acquires 3,320 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Argent Capital Management LLC increased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,952 shares of the company’s stock after purchasing an additional 3,320 shares during the period. Argent Capital Management LLC’s holdings in Builders FirstSource were worth $5,282,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of Builders FirstSource by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock valued at $153,766,000 after buying an additional 58,436 shares in the last quarter. Forsta AP Fonden lifted its stake in shares of Builders FirstSource by 12.1% in the 3rd quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock valued at $5,195,000 after purchasing an additional 2,900 shares during the period. Oak Thistle LLC bought a new position in Builders FirstSource during the 4th quarter worth approximately $1,136,000. Principal Financial Group Inc. lifted its holdings in Builders FirstSource by 38.5% during the third quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock worth $39,025,000 after acquiring an additional 56,009 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Builders FirstSource by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company’s stock valued at $152,343,000 after buying an additional 16,000 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Up 4.6 %

BLDR stock opened at $161.37 on Thursday. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The company has a market capitalization of $18.57 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 0.96 and a beta of 2.11. The firm’s fifty day simple moving average is $164.64 and its 200-day simple moving average is $169.15. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. Builders FirstSource’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.24 earnings per share. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 11.55 earnings per share for the current year.

Analysts Set New Price Targets

BLDR has been the subject of several analyst reports. Bank of America raised their price objective on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Robert W. Baird lifted their price objective on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Oppenheimer reiterated an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday, October 29th. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research note on Wednesday, January 8th. Finally, Wedbush reaffirmed an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $208.75.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by insiders.

About Builders FirstSource

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.