Vinva Investment Management Ltd Trims Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Vinva Investment Management Ltd lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 45.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 8,559 shares of the company’s stock after selling 7,028 shares during the period. Vinva Investment Management Ltd’s holdings in Builders FirstSource were worth $1,663,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BLDR. De Lisle Partners LLP grew its stake in Builders FirstSource by 11.3% in the 3rd quarter. De Lisle Partners LLP now owns 75,001 shares of the company’s stock worth $14,548,000 after acquiring an additional 7,600 shares during the period. CreativeOne Wealth LLC purchased a new stake in shares of Builders FirstSource in the third quarter valued at $603,000. Blueshift Asset Management LLC increased its stake in Builders FirstSource by 33.3% in the third quarter. Blueshift Asset Management LLC now owns 4,933 shares of the company’s stock valued at $956,000 after purchasing an additional 1,232 shares during the last quarter. Soros Capital Management LLC lifted its position in Builders FirstSource by 577.2% during the third quarter. Soros Capital Management LLC now owns 63,621 shares of the company’s stock worth $12,334,000 after buying an additional 54,226 shares during the period. Finally, Hardy Reed LLC acquired a new stake in Builders FirstSource in the 3rd quarter worth about $1,215,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BLDR shares. Jefferies Financial Group increased their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Wedbush reaffirmed an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, November 6th. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. B. Riley dropped their price objective on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, DA Davidson lifted their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus price target of $206.47.

Builders FirstSource Stock Up 0.9 %

NYSE BLDR opened at $186.47 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The business has a 50 day moving average price of $185.56 and a two-hundred day moving average price of $168.39. The stock has a market cap of $21.46 billion, a PE ratio of 18.21, a P/E/G ratio of 1.03 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share 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 firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the company posted $4.24 earnings per share. Builders FirstSource’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

Builders FirstSource announced that its board has initiated a stock repurchase plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

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.