Smith Graham & Co. Investment Advisors LP Has $8.44 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Smith Graham & Co. Investment Advisors LP decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,559 shares of the company's stock after selling 7,872 shares during the period. Builders FirstSource comprises 1.0% of Smith Graham & Co. Investment Advisors LP's portfolio, making the stock its 26th biggest holding. Smith Graham & Co. Investment Advisors LP's holdings in Builders FirstSource were worth $8,440,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cerity Partners LLC grew its holdings in Builders FirstSource by 2,280.1% during the 4th quarter. Cerity Partners LLC now owns 157,607 shares of the company's stock worth $26,311,000 after acquiring an additional 150,985 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Builders FirstSource in the 4th quarter valued at $218,000. Allspring Global Investments Holdings LLC increased its stake in Builders FirstSource by 53.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 94,505 shares of the company's stock valued at $15,777,000 after buying an additional 32,819 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Builders FirstSource in the 4th quarter valued at $221,000,000. Finally, Bleakley Financial Group LLC increased its stake in shares of Builders FirstSource by 10.4% during the 4th quarter. Bleakley Financial Group LLC now owns 2,135 shares of the company's stock worth $356,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of research reports. Barclays upped their price target on shares of Builders FirstSource from $235.00 to $240.00 and gave the company an "overweight" rating in a research note on Thursday, April 4th. StockNews.com raised shares of Builders FirstSource from a "hold" rating to a "buy" rating in a report on Wednesday, February 21st. Oppenheimer increased their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Royal Bank of Canada increased their price objective 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. Finally, Stifel Nicolaus upped their price target on shares of Builders FirstSource from $184.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, December 19th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $186.93.

Insider Transactions at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value 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 approximately $5,747,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by company insiders.

Builders FirstSource Stock Up 0.1 %

Shares of BLDR stock traded up $0.20 on Friday, reaching $189.53. 1,066,147 shares of the company were exchanged, compared to its average volume of 1,225,973. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11. Builders FirstSource, Inc. has a one year low of $90.10 and a one year high of $214.70. The company has a market cap of $23.11 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 1.14 and a beta of 2.04. The company has a 50-day moving average of $195.35 and a 200-day moving average of $160.78.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping analysts' consensus estimates of $2.70 by $0.85. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. Analysts anticipate that Builders FirstSource, Inc. will post 13.84 earnings per share for the current 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.