Vanguard Personalized Indexing Management LLC Increases Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Vanguard Personalized Indexing Management LLC boosted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,240 shares of the company’s stock after purchasing an additional 74 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Builders FirstSource were worth $1,417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of BLDR. Westside Investment Management Inc. purchased a new stake in shares of Builders FirstSource in the 1st quarter worth approximately $31,000. ORG Partners LLC purchased a new stake in Builders FirstSource during the first quarter worth $33,000. American Capital Advisory LLC bought a new stake in Builders FirstSource during the 1st quarter valued at $34,000. Principal Securities Inc. bought a new stake in Builders FirstSource during the 4th quarter valued at $32,000. Finally, Innealta Capital LLC purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at $27,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Trading Down 2.0 %

Builders FirstSource stock opened at $197.74 on Monday. The stock has a 50-day moving average price of $167.76 and a 200 day moving average price of $170.66. The company has a market capitalization of $24.14 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 10.06 and a beta of 2.06. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.02 by $0.48. The business 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 previous year, the business posted $3.89 EPS. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.65 EPS for the current year.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BLDR. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and upped their price objective for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. B. Riley decreased their price target on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research report on Tuesday, August 6th. Loop Capital increased their target price on shares of Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a research report on Friday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $185.00 price target (down from $205.00) on shares of Builders FirstSource in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.00.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the 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 sale, 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 Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

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.