Walleye Capital LLC boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) by 663.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,083 shares of the company's stock after buying an additional 18,321 shares during the period. Walleye Capital LLC's holdings in Builders FirstSource were worth $1,361,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Gibson Wealth Advisors LLC bought a new position in Builders FirstSource in the 4th quarter worth approximately $26,000. Financial Management Professionals Inc. increased its position in Builders FirstSource by 2,200.0% in the 1st quarter. Financial Management Professionals Inc. now owns 391 shares of the company's stock worth $25,000 after buying an additional 374 shares during the period. Signaturefd LLC increased its position in Builders FirstSource by 101.6% in the 1st quarter. Signaturefd LLC now owns 496 shares of the company's stock worth $32,000 after buying an additional 250 shares during the period. CWM LLC increased its position in Builders FirstSource by 265.2% in the 1st quarter. CWM LLC now owns 577 shares of the company's stock worth $37,000 after buying an additional 419 shares during the period. Finally, Archer Investment Corp bought a new position in Builders FirstSource in the 1st quarter worth approximately $45,000. 95.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BLDR shares. BTIG Research cut Builders FirstSource from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft started coverage on Builders FirstSource in a research report on Wednesday, August 17th. They set a "buy" rating and a $93.00 price objective on the stock. Stephens lowered their price objective on Builders FirstSource from $100.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, July 28th. Wedbush restated an "outperform" rating and set a $110.00 price objective on shares of Builders FirstSource in a research report on Monday, August 1st. Finally, Barclays boosted their price objective on Builders FirstSource from $86.00 to $93.00 and gave the company an "overweight" rating in a research report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $91.77.

Builders FirstSource Trading Up 0.2 %

Builders FirstSource (NYSE:BLDR – Get Rating) last released its quarterly earnings data on Monday, August 1st. The company reported $6.26 EPS for the quarter, beating analysts' consensus estimates of $2.91 by $3.35. The business had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $5.55 billion. Builders FirstSource had a return on equity of 58.32% and a net margin of 11.79%. The firm's revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.76 earnings per share. As a group, research analysts predict that Builders FirstSource, Inc. will post 15.86 earnings per share for the current year.

Builders FirstSource Company Profile

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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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name.

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