Distillate Capital Partners LLC Has $14.76 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Distillate Capital Partners LLC increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 129,972.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,659 shares of the company’s stock after acquiring an additional 106,577 shares during the quarter. Distillate Capital Partners LLC owned about 0.09% of Builders FirstSource worth $14,763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Builders FirstSource during the second quarter worth $27,000. Westside Investment Management Inc. bought a new stake in Builders FirstSource during the first quarter valued at $31,000. Principal Securities Inc. acquired a new stake in Builders FirstSource during the 4th quarter worth about $32,000. ORG Partners LLC bought a new position in shares of Builders FirstSource in the 1st quarter worth about $33,000. Finally, American Capital Advisory LLC acquired a new position in shares of Builders FirstSource in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BLDR shares. Zelman & Associates reiterated a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Royal Bank of Canada cut their target price on shares of Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Barclays cut their price objective on shares of Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Bank of America boosted their target price on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, Robert W. Baird upgraded Builders FirstSource from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $185.00 to $190.00 in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $190.00.

Insider Transactions at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the 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 sale, the director now owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $195.81 on Tuesday. The company has a market capitalization of $23.90 billion, a P/E ratio of 16.76, a P/E/G ratio of 10.06 and a beta of 2.06. The business has a fifty day simple moving average of $168.61 and a two-hundred day simple moving average of $170.60. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14. Builders FirstSource, Inc. has a 1 year low of $105.24 and a 1 year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.02 by $0.48. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.48 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.89 earnings per share. On average, analysts expect that Builders FirstSource, Inc. will post 11.65 earnings per share for the current year.

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

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.