Bank of Montreal Can Boosts Stock Holdings in Builders FirstSource, Inc. (NASDAQ:BLDR)

Bank of Montreal Can grew its position in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 299.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 104,470 shares of the company’s stock after purchasing an additional 78,333 shares during the period. Bank of Montreal Can’s holdings in Builders FirstSource were worth $4,496,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in shares of Builders FirstSource during the second quarter valued at approximately $27,000. Quadrant Capital Group LLC purchased a new stake in shares of Builders FirstSource during the first quarter valued at approximately $38,000. C M Bidwell & Associates Ltd. bought a new position in Builders FirstSource during the first quarter valued at approximately $43,000. Logan Capital Management Inc. bought a new position in Builders FirstSource during the first quarter valued at approximately $44,000. Finally, Selective Wealth Management Inc. bought a new position in Builders FirstSource during the second quarter valued at approximately $68,000. Hedge funds and other institutional investors own 98.16% of the company’s stock.

NASDAQ:BLDR opened at $56.42 on Thursday. The business’s 50-day simple moving average is $52.52 and its two-hundred day simple moving average is $47.99. Builders FirstSource, Inc. has a 52 week low of $29.73 and a 52 week high of $56.61. The stock has a market cap of $11.69 billion, a PE ratio of 11.00 and a beta of 2.43. The company has a quick ratio of 1.26, a current ratio of 2.18 and a debt-to-equity ratio of 0.37.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Thursday, August 5th. The company reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $1.35. The firm had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.13 billion. Builders FirstSource had a return on equity of 33.22% and a net margin of 6.14%. The business’s quarterly revenue was up 90.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 6.27 earnings per share for the current fiscal year.

BLDR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective on the stock in a research report on Tuesday, October 5th. Royal Bank of Canada increased their price objective on shares of Builders FirstSource from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, August 6th. Zelman & Associates initiated coverage on shares of Builders FirstSource in a research report on Thursday, July 8th. They set a “sell” rating on the stock. Robert W. Baird restated a “buy” rating on shares of Builders FirstSource in a research report on Thursday, August 5th. Finally, BTIG Research decreased their price target on shares of Builders FirstSource from $67.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, July 1st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Buy” and an average target price of $57.57.

In other news, insider Michael Alan Farmer sold 10,000 shares of the company’s stock in a transaction dated Monday, August 23rd. The stock was sold at an average price of $49.76, for a total value of $497,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Builders FirstSource Profile

Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, sub-contractors, remodelers and consumers. The firm operates through the following segments: Northeast, Southeast, South and West. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, as well as engineered wood.

Featured Article: Dual Listing

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NASDAQ:BLDR).

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

Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.