Vontobel Holding Ltd. Has $464,000 Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Vontobel Holding Ltd. decreased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 34.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,392 shares of the company’s stock after selling 1,280 shares during the period. Vontobel Holding Ltd.’s holdings in Builders FirstSource were worth $464,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BLDR. Innealta Capital LLC acquired a new position in Builders FirstSource during the second quarter worth $27,000. Armstrong Advisory Group Inc. acquired a new position in shares of Builders FirstSource during the 3rd quarter worth about $30,000. Westside Investment Management Inc. acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $31,000. ORG Partners LLC bought a new stake in Builders FirstSource during the first quarter worth about $33,000. Finally, First Horizon Advisors Inc. boosted its position in Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after purchasing an additional 75 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Insider Transactions at Builders FirstSource

In related news, Director Craig Arthur Steinke sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total value of $4,610,400.00. Following the completion of the sale, the director now directly owns 95,333 shares in the company, valued at approximately $14,650,775.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $184.84 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14. The firm has a market cap of $22.56 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 11.48 and a beta of 2.06. The stock’s fifty day moving average price is $182.41 and its two-hundred day moving average price is $169.28. Builders FirstSource, Inc. has a one year low of $105.24 and a one year 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, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.48 billion. During the same period in the prior year, the company posted $3.89 earnings per share. Builders FirstSource’s revenue was down 1.6% compared to the same quarter last year. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.68 EPS for the current year.

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

Analyst Ratings Changes

Several research analysts have weighed in on BLDR shares. The Goldman Sachs Group started coverage on Builders FirstSource in a research report on Thursday, October 10th. They set a “buy” rating and a $225.00 price target on the stock. Oppenheimer boosted their target price on shares of Builders FirstSource from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Truist Financial upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and increased their price target for the company from $165.00 to $220.00 in a research note on Monday, September 16th. Jefferies Financial Group boosted their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada cut their target price on shares of Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.38.

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.