Pinnbrook Capital Management LP Purchases 30,469 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Pinnbrook Capital Management LP lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 182.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,197 shares of the company's stock after purchasing an additional 30,469 shares during the quarter. Builders FirstSource comprises 0.9% of Pinnbrook Capital Management LP's investment portfolio, making the stock its 26th biggest holding. Pinnbrook Capital Management LP's holdings in Builders FirstSource were worth $7,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. EdgeRock Capital LLC acquired a new stake in shares of Builders FirstSource in the 4th quarter worth about $25,000. Contravisory Investment Management Inc. bought a new position in Builders FirstSource in the 4th quarter worth approximately $28,000. Rakuten Securities Inc. bought a new position in Builders FirstSource in the 4th quarter worth approximately $29,000. Principal Securities Inc. bought a new position in Builders FirstSource in the 4th quarter worth approximately $32,000. Finally, Lindbrook Capital LLC boosted its holdings in Builders FirstSource by 237.7% in the 4th quarter. Lindbrook Capital LLC now owns 233 shares of the company's stock valued at $39,000 after purchasing an additional 164 shares during the period. Institutional investors own 95.53% of the company's stock.

Insider Transactions at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the firm's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the transaction, the director now directly owns 28,738 shares of the company's stock, valued at $5,747,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BLDR. StockNews.com upgraded shares of Builders FirstSource from a "hold" rating to a "buy" rating in a research report on Wednesday, February 21st. Barclays boosted their price objective on shares of Builders FirstSource from $235.00 to $240.00 and gave the company an "overweight" rating in a research report on Thursday. Oppenheimer boosted their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. Stifel Nicolaus lifted their target price on shares of Builders FirstSource from $184.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, December 19th. Finally, Royal Bank of Canada lifted their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $186.93.

Builders FirstSource Stock Performance

BLDR traded down $3.60 during trading on Monday, hitting $200.54. The company's stock had a trading volume of 815,356 shares, compared to its average volume of 1,218,544. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. Builders FirstSource, Inc. has a one year low of $85.63 and a one year high of $214.70. The firm has a market cap of $24.45 billion, a PE ratio of 16.73, a P/E/G ratio of 1.23 and a beta of 2.04. The business's 50 day simple moving average is $194.25 and its 200-day simple moving average is $159.38.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.70 by $0.85. The firm had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 14.02 EPS for the current fiscal year.

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.

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