Ameritas Investment Partners Inc. Grows Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Ameritas Investment Partners Inc. lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,954 shares of the company’s stock after purchasing an additional 273 shares during the period. Ameritas Investment Partners Inc.’s holdings in Builders FirstSource were worth $2,070,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Principal Securities Inc. bought a new stake in shares of Builders FirstSource in the fourth quarter valued at $32,000. UBS Group AG increased its holdings in Builders FirstSource by 49.2% in the 4th quarter. UBS Group AG now owns 110,586 shares of the company’s stock worth $18,461,000 after acquiring an additional 36,475 shares during the last quarter. Quest Partners LLC bought a new stake in Builders FirstSource in the 4th quarter valued at about $313,000. Franklin Resources Inc. lifted its holdings in Builders FirstSource by 5.2% during the fourth quarter. Franklin Resources Inc. now owns 224,403 shares of the company’s stock valued at $37,462,000 after purchasing an additional 11,060 shares during the last quarter. Finally, US Bancorp DE boosted its position in Builders FirstSource by 20.0% during the fourth quarter. US Bancorp DE now owns 9,611 shares of the company’s stock worth $1,604,000 after purchasing an additional 1,603 shares during the period. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Benchmark dropped their price target on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Robert W. Baird upgraded Builders FirstSource from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $185.00 to $190.00 in a research report on Wednesday, August 7th. Baird R W raised Builders FirstSource from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Barclays dropped their price objective on Builders FirstSource from $188.00 to $182.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Finally, StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and a consensus price target of $190.00.

Builders FirstSource Stock Down 2.0 %

Shares of NYSE BLDR opened at $197.74 on Friday. The business has a 50-day moving average of $167.76 and a 200-day moving average of $170.87. The firm has a market capitalization of $24.14 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 10.06 and a beta of 2.06. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.48. The business had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.89 EPS. Sell-side analysts expect that Builders FirstSource, Inc. will post 11.65 earnings per share for the current fiscal year.

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

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the firm’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 sale, the director now owns 95,333 shares in the company, valued at $14,650,775.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by insiders.

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.