Mizuho Securities USA LLC Acquires 385,593 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Mizuho Securities USA LLC increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 4,099.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,000 shares of the company’s stock after buying an additional 385,593 shares during the period. Mizuho Securities USA LLC owned 0.34% of Builders FirstSource worth $76,575,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Baillie Gifford & Co. purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $267,132,000. Diamond Hill Capital Management Inc. bought a new stake in Builders FirstSource in the third quarter worth $255,867,000. Massachusetts Financial Services Co. MA increased its holdings 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 valued at $163,373,000 after acquiring an additional 911,990 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Builders FirstSource by 109.7% in the 3rd 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 during the last quarter. Finally, Bessemer Group Inc. grew its position in Builders FirstSource by 477,028.7% during the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock valued at $93,535,000 after purchasing an additional 448,407 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Down 2.7 %

NYSE:BLDR opened at $176.28 on Friday. The company’s 50-day simple moving average is $185.83 and its 200-day simple moving average is $168.28. 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, Inc. has a fifty-two week low of $129.80 and a fifty-two week high of $214.70. The stock has a market capitalization of $20.29 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.00 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the company earned $4.24 earnings per share. The firm’s revenue was down 6.7% on a year-over-year basis. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a share repurchase plan on Tuesday, August 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 5.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. UBS Group assumed coverage on Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 target price for the company. Royal Bank of Canada upped their price target on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Wedbush reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, November 6th. Finally, DA Davidson boosted their target price on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Five equities research 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 company. According to data from MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and an average target price of $206.47.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred 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 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by insiders.

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.