Invst LLC Acquires 347 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Invst LLC boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,606 shares of the company’s stock after acquiring an additional 347 shares during the quarter. Invst LLC’s holdings in Builders FirstSource were worth $751,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BLDR. Vanguard Group Inc. lifted its position in Builders FirstSource by 15.7% in the 4th quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after acquiring an additional 1,985,297 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Builders FirstSource by 339.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock valued at $163,373,000 after buying an additional 911,990 shares during the last quarter. Bessemer Group Inc. increased its stake in Builders FirstSource by 477,028.7% in the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock valued at $93,535,000 after buying an additional 448,407 shares during the last quarter. Frontier Capital Management Co. LLC increased its stake in Builders FirstSource by 34.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock valued at $189,268,000 after buying an additional 292,966 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Builders FirstSource by 22.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company’s stock valued at $147,059,000 after buying an additional 196,571 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total value of $4,610,400.00. Following the completion of the transaction, the director now directly 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 SEC, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Down 0.2 %

Builders FirstSource stock opened at $193.86 on Tuesday. Builders FirstSource, Inc. has a 1-year low of $105.24 and a 1-year high of $214.70. The firm has a market capitalization of $23.66 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 11.56 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. The firm has a 50 day simple moving average of $171.83 and a 200 day simple moving average of $170.41.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same period in the previous year, the business earned $3.89 EPS. Builders FirstSource’s revenue was down 1.6% compared to the same quarter last year. On average, analysts predict that Builders FirstSource, Inc. will post 11.68 earnings per share for the current year.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BLDR shares. Wedbush reiterated an “outperform” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research note on Tuesday, August 6th. Baird R W upgraded shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Robert W. Baird upgraded shares of Builders FirstSource from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $185.00 to $190.00 in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Monday, September 23rd. Finally, Loop Capital raised their price target on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given 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.