Prospera Private Wealth LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 612 shares of the company’s stock, valued at approximately $119,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Shell Asset Management Co. increased its stake in shares of Builders FirstSource by 103.9% in the first quarter. Shell Asset Management Co. now owns 3,595 shares of the company’s stock valued at $750,000 after buying an additional 1,832 shares during the period. CreativeOne Wealth LLC acquired a new position in shares of Builders FirstSource in the 1st quarter worth approximately $640,000. Advisors Asset Management Inc. raised its stake in Builders FirstSource by 32.0% during the first quarter. Advisors Asset Management Inc. now owns 2,046 shares of the company’s stock worth $427,000 after buying an additional 496 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Builders FirstSource by 1.8% in the first quarter. Toronto Dominion Bank now owns 69,634 shares of the company’s stock valued at $14,522,000 after buying an additional 1,203 shares during the period. Finally, 1832 Asset Management L.P. boosted its position in Builders FirstSource by 4.1% during the first quarter. 1832 Asset Management L.P. now owns 121,487 shares of the company’s stock valued at $25,336,000 after acquiring an additional 4,783 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have commented on BLDR. Stephens raised their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Jefferies Financial Group increased 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. Benchmark cut their target price on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, Robert W. Baird upped their target price on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $206.47.
Builders FirstSource Stock Performance
Shares of BLDR stock opened at $175.94 on Friday. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The stock has a market capitalization of $20.25 billion, a P/E ratio of 17.18, a PEG ratio of 1.00 and a beta of 2.08. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $186.33 and its 200 day moving average is $167.92.
Builders FirstSource (NYSE:BLDR – Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the business earned $4.24 earnings per share. Builders FirstSource’s revenue was down 6.7% on a year-over-year basis. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.
Builders FirstSource announced that its board has authorized a stock repurchase plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Insider Activity
In related news, Director Cleveland A. Christophe sold 10,000 shares of the 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 sale, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.
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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