Kathmere Capital Management LLC Increases Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Kathmere Capital Management LLC raised its position in Builders FirstSource, Inc. (NYSE:BLDR) by 2.4% during the second quarter, Holdings Channel.com reports. The fund owned 5,534 shares of the company’s stock after purchasing an additional 128 shares during the quarter. Kathmere Capital Management LLC’s holdings in Builders FirstSource were worth $766,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE raised its position in Builders FirstSource by 20.0% during the 4th quarter. US Bancorp DE now owns 9,611 shares of the company’s stock valued at $1,604,000 after purchasing an additional 1,603 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in Builders FirstSource by 83.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 2,964 shares of the company’s stock valued at $486,000 after purchasing an additional 1,345 shares during the period. Edmond DE Rothschild Holding S.A. bought a new position in Builders FirstSource in the 4th quarter worth $62,000. TD Asset Management Inc lifted its position in shares of Builders FirstSource by 150.6% in the 4th quarter. TD Asset Management Inc now owns 42,306 shares of the company’s stock worth $7,063,000 after purchasing an additional 25,425 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in shares of Builders FirstSource by 73.9% during the 4th quarter. Allianz Asset Management GmbH now owns 128,348 shares of the company’s stock valued at $21,426,000 after purchasing an additional 54,557 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of Builders FirstSource 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 approximately $14,650,775.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Bank of America increased their price objective on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Stifel Nicolaus dropped their target price on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Monday, September 23rd. Finally, Robert W. Baird raised shares of Builders FirstSource from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $185.00 to $190.00 in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $190.00.

Builders FirstSource Stock Up 2.1 %

BLDR stock opened at $194.08 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14. 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 $23.69 billion, a P/E ratio of 16.62, a P/E/G ratio of 11.56 and a beta of 2.06. The business has a fifty day moving average price of $171.17 and a 200-day moving average price of $170.84.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share 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 business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the previous year, the firm earned $3.89 EPS. Builders FirstSource’s revenue was down 1.6% on a year-over-year basis. Equities analysts forecast that Builders FirstSource, Inc. will post 11.68 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has initiated a share buyback 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 stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

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.