Signaturefd LLC Acquires 404 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Signaturefd LLC raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 34.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,580 shares of the company’s stock after buying an additional 404 shares during the quarter. Signaturefd LLC’s holdings in Builders FirstSource were worth $306,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BLDR. Westside Investment Management Inc. bought a new stake in shares of Builders FirstSource in the 1st quarter worth about $31,000. Armstrong Advisory Group Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter worth about $30,000. ORG Partners LLC bought a new stake in shares of Builders FirstSource in the 1st quarter worth about $33,000. Innealta Capital LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter worth about $27,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on BLDR. Stifel Nicolaus decreased their price objective 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. Truist Financial raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and increased their price objective for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Robert W. Baird increased their price objective on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Barclays increased their price objective on shares of Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Benchmark decreased 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. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.35.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $180.80 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83. The company has a market capitalization of $22.07 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 11.48 and a beta of 2.06. The company’s 50 day moving average price is $183.91 and its two-hundred day moving average price is $168.92. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, topping 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 firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same period last year, the company posted $3.89 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. On average, analysts expect that Builders FirstSource, Inc. will post 11.68 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has approved a share repurchase program on Tuesday, August 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Builders FirstSource

In other news, Director Craig Arthur Steinke sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the transaction, the director now directly owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

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.