Cleveland A. Christophe Sells 10,000 Shares of Builders FirstSource, Inc. (NYSE:BLDR) Stock

Builders FirstSource, Inc. (NYSE:BLDR) Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the transaction, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Builders FirstSource Trading Down 0.7 %

Shares of Builders FirstSource stock traded down $1.20 during trading hours on Friday, hitting $177.99. The company’s stock had a trading volume of 1,353,147 shares, compared to its average volume of 1,577,794. The stock has a market cap of $20.48 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 10.17 and a beta of 2.08. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83. Builders FirstSource, Inc. has a twelve month low of $120.80 and a twelve month high of $214.70. The firm has a fifty day moving average of $184.71 and a 200-day moving average of $168.52.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share 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 analyst estimates of $4.44 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. Builders FirstSource’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.24 earnings per share. Research analysts forecast that Builders FirstSource, Inc. will post 11.69 EPS for the current year.

Builders FirstSource announced that its Board of Directors has initiated a share repurchase plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Norden Group LLC acquired a new position in shares of Builders FirstSource in the first quarter valued at approximately $265,000. Private Advisor Group LLC increased its position in shares of Builders FirstSource by 20.2% during the first quarter. Private Advisor Group LLC now owns 4,823 shares of the company’s stock worth $1,006,000 after acquiring an additional 811 shares during the period. Nordea Investment Management AB raised its stake in shares of Builders FirstSource by 5.6% in the first quarter. Nordea Investment Management AB now owns 9,834 shares of the company’s stock valued at $2,067,000 after acquiring an additional 523 shares in the last quarter. ORG Partners LLC purchased a new position in Builders FirstSource in the first quarter valued at $33,000. Finally, Empirical Finance LLC grew its stake in Builders FirstSource by 4.9% during the 1st quarter. Empirical Finance LLC now owns 4,133 shares of the company’s stock worth $862,000 after purchasing an additional 193 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Jefferies Financial Group lifted their price target 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. Baird R W upgraded shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Robert W. Baird lifted their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group assumed coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They set a “buy” rating and a $225.00 price target for the company. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $206.47.

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.