Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 71.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,721 shares of the company’s stock after acquiring an additional 8,668 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Builders FirstSource were worth $2,868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BLDR. Westside Investment Management Inc. acquired a new stake in shares of Builders FirstSource in the 1st quarter valued at approximately $31,000. ORG Partners LLC acquired a new position in Builders FirstSource during the first quarter worth $33,000. American Capital Advisory LLC acquired a new position in Builders FirstSource during the first quarter worth $34,000. Principal Securities Inc. acquired a new position in Builders FirstSource during the fourth quarter worth $32,000. Finally, Innealta Capital LLC acquired a new position in Builders FirstSource during the second quarter worth $27,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

BLDR stock opened at $197.74 on Friday. The stock has a 50-day moving average price of $167.76 and a two-hundred day moving average price of $170.87. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. The company has a market cap of $24.14 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 10.06 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.48. The company had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.89 earnings per share. As a group, research analysts predict that Builders FirstSource, Inc. will post 11.65 EPS for the current year.

Builders FirstSource declared that its board has approved a stock buyback program 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 stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the transaction, the director now owns 95,333 shares in the company, valued at $14,650,775.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on BLDR. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and raised their price target for the stock from $165.00 to $220.00 in a research report on Monday, September 16th. Barclays dropped their price target on Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. B. Riley dropped their price target on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $185.00 price target (down previously from $205.00) on shares of Builders FirstSource in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.00.

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.