Farther Finance Advisors LLC Raises Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Farther Finance Advisors LLC boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 6.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,585 shares of the company’s stock after buying an additional 262 shares during the quarter. Farther Finance Advisors LLC’s holdings in Builders FirstSource were worth $614,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Builders FirstSource by 15.7% during the fourth 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 during the last quarter. Norges Bank purchased a new stake in shares of Builders FirstSource during the fourth quarter worth about $212,209,000. Boston Partners raised its position in shares of Builders FirstSource by 73.5% in the fourth quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after buying an additional 578,961 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Builders FirstSource by 477,028.7% during the first 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 period. Finally, Hsbc Holdings PLC boosted its position in Builders FirstSource by 152.9% during the fourth quarter. Hsbc Holdings PLC now owns 489,047 shares of the company’s stock worth $81,628,000 after acquiring an additional 295,643 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction that occurred 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 sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BLDR has been the subject of several analyst reports. Stifel Nicolaus cut their price target on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, August 8th. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Bank of America cut Builders FirstSource from a “buy” rating to a “neutral” rating and lowered their price target for the company from $183.00 to $180.00 in a report on Friday, August 2nd. Benchmark cut their price objective on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Oppenheimer restated an “outperform” rating and issued a $190.00 target price (down from $230.00) on shares of Builders FirstSource in a report on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $180.50.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $174.00 on Tuesday. The firm’s fifty day simple moving average is $155.95 and its 200 day simple moving average is $171.84. 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 twelve month low of $105.24 and a twelve month high of $214.70. The firm has a market capitalization of $21.24 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 10.07 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.48. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.48 billion. During the same quarter in the previous year, the firm posted $3.89 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 11.91 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 5.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.