Builders FirstSource, Inc. (NYSE:BLDR) Stock Holdings Increased by Signaturefd LLC

Signaturefd LLC increased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 34.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,580 shares of the company’s stock after purchasing an additional 404 shares during the quarter. Signaturefd LLC’s holdings in Builders FirstSource were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Sequoia Financial Advisors LLC purchased a new position in shares of Builders FirstSource in the third quarter worth approximately $539,000. Oakworth Capital Inc. purchased a new position in shares of Builders FirstSource in the third quarter worth approximately $40,955,000. Horst & Graben Wealth Management LLC purchased a new position in shares of Builders FirstSource in the third quarter worth approximately $211,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Builders FirstSource by 4.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 73,894 shares of the company’s stock worth $14,325,000 after acquiring an additional 2,993 shares in the last quarter. Finally, Whittier Trust Co. grew its position in Builders FirstSource by 4.3% during the third quarter. Whittier Trust Co. now owns 116,630 shares of the company’s stock valued at $22,610,000 after purchasing an additional 4,796 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BLDR shares. Robert W. Baird boosted their price objective on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Bank of America boosted their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Builders FirstSource in a research report on Tuesday, August 6th. Royal Bank of Canada lowered their price objective on shares of Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Monday, September 23rd. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $200.35.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $180.80 on Friday. The firm has a fifty day simple moving average of $183.91 and a 200-day simple moving average of $168.92. 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 1-year low of $105.24 and a 1-year high of $214.70. The stock has a market capitalization of $22.07 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 11.48 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last released 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 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 period in the prior year, the company earned $3.89 EPS. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 11.68 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has initiated a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the completion of the transaction, the director now directly owns 95,333 shares in the company, valued at $14,650,775.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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.