Hancock Whitney Corp Increases Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Hancock Whitney Corp raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,945 shares of the company’s stock after acquiring an additional 103 shares during the quarter. Hancock Whitney Corp’s holdings in Builders FirstSource were worth $5,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC lifted its position in Builders FirstSource by 14.3% during the third quarter. Truvestments Capital LLC now owns 6,201 shares of the company’s stock valued at $1,202,000 after purchasing an additional 778 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Builders FirstSource in the third quarter worth approximately $46,000. Loomis Sayles & Co. L P increased its stake in shares of Builders FirstSource by 256,479.8% in the third quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company’s stock worth $128,331,000 after purchasing an additional 661,718 shares in the last quarter. DRW Securities LLC purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at $217,000. Finally, Independent Advisor Alliance purchased a new stake in Builders FirstSource in the 3rd quarter worth $259,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 1.3 %

BLDR opened at $180.81 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The stock’s fifty day moving average is $186.23 and its two-hundred day moving average is $167.88. The company has a market capitalization of $20.81 billion, a P/E ratio of 17.43, a PEG ratio of 1.00 and a beta of 2.08. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70.

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

Builders FirstSource declared that its board has approved a stock buyback program on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several analysts recently issued reports on BLDR shares. Wedbush reiterated an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, November 6th. UBS Group initiated coverage on shares of Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective for the company. Stephens increased their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer reiterated an “outperform” rating and set a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Finally, Loop Capital lifted their price objective on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and an average target price of $206.47.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource 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 transaction of $1,784,100.00. Following the completion of the sale, the director now owns 33,083 shares in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

About Builders FirstSource

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.