Retireful LLC Acquires Shares of 4,136 Builders FirstSource, Inc. (NYSE:BLDR)

Retireful LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,136 shares of the company’s stock, valued at approximately $802,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BLDR. Baillie Gifford & Co. acquired a new position in Builders FirstSource in the 3rd quarter valued at $267,132,000. Diamond Hill Capital Management Inc. purchased a new stake in shares of Builders FirstSource in the third quarter valued at about $255,867,000. Massachusetts Financial Services Co. MA increased its stake in shares of Builders FirstSource by 339.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after acquiring an additional 911,990 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Builders FirstSource by 109.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 904,600 shares of the company’s stock worth $175,366,000 after purchasing an additional 473,238 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its position in Builders FirstSource by 4,099.0% in the third quarter. Mizuho Securities USA LLC now owns 395,000 shares of the company’s stock valued at $76,575,000 after purchasing an additional 385,593 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Activity

In related news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $178.81 on Wednesday. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The company has a market capitalization of $20.58 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 0.98 and a beta of 2.08. The stock has a fifty day moving average of $186.23 and a two-hundred day moving average of $167.87. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The company 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%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.24 EPS. On average, analysts anticipate that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

Builders FirstSource announced that its board has approved a stock repurchase plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have issued reports on BLDR shares. Benchmark dropped their target price on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday, October 29th. B. Riley decreased their target price on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They set a “buy” rating and a $225.00 price target on the stock. Finally, Jefferies Financial Group raised their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $206.47.

Builders FirstSource 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.