Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 9.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 214,570 shares of the company’s stock after acquiring an additional 18,686 shares during the period. Ensign Peak Advisors Inc owned 0.18% of Builders FirstSource worth $29,699,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH lifted its holdings in Builders FirstSource by 73.9% in the fourth quarter. Allianz Asset Management GmbH now owns 128,348 shares of the company’s stock valued at $21,426,000 after acquiring an additional 54,557 shares during the last quarter. Boulder Hill Capital Management LP acquired a new position in Builders FirstSource during the fourth quarter worth $851,000. New Mexico Educational Retirement Board lifted its stake in Builders FirstSource by 512.3% during the first quarter. New Mexico Educational Retirement Board now owns 39,800 shares of the company’s stock worth $8,300,000 after purchasing an additional 33,300 shares in the last quarter. Pitcairn Co. lifted its stake in Builders FirstSource by 37.2% during the fourth quarter. Pitcairn Co. now owns 21,051 shares of the company’s stock worth $3,514,000 after purchasing an additional 5,704 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Builders FirstSource by 273.0% during the first quarter. SG Americas Securities LLC now owns 62,622 shares of the company’s stock worth $13,060,000 after purchasing an additional 45,832 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of research reports. Wedbush restated an “outperform” rating and set a $175.00 price target on shares of Builders FirstSource in a research note on Tuesday, August 6th. Jefferies Financial Group restated a “buy” rating and set a $185.00 price target (down from $205.00) on shares of Builders FirstSource in a research note on Friday, August 9th. Benchmark cut their price objective on Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Robert W. Baird raised Builders FirstSource from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $185.00 to $190.00 in a research report on Wednesday, August 7th. Finally, Loop Capital upped their price objective on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $190.00.

Insiders Place Their Bets

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 transaction, the director now owns 95,333 shares of the company’s stock, valued at $14,650,775.44. The sale was disclosed in a filing with the SEC, 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 $197.74 on Monday. The firm has a market capitalization 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. The business’s fifty day moving average price is $167.76 and its 200 day moving average price is $170.66. 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 12 month low of $105.24 and a 12 month high of $214.70.

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

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

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.