OneDigital Investment Advisors LLC Makes New Investment in Builders FirstSource, Inc. (NYSE:BLDR)

OneDigital Investment Advisors LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,409 shares of the company’s stock, valued at approximately $273,000.

A number of other large investors have also recently made changes to their positions in the stock. Baillie Gifford & Co. purchased a new stake in Builders FirstSource in the 3rd quarter valued at about $267,132,000. Boston Partners raised its stake in shares of Builders FirstSource by 0.8% during the first quarter. Boston Partners now owns 1,377,335 shares of the company’s stock valued at $285,794,000 after acquiring an additional 10,551 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $255,867,000. Massachusetts Financial Services Co. MA grew its stake in Builders FirstSource by 339.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after purchasing an additional 911,990 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Builders FirstSource by 22.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company’s stock worth $147,059,000 after purchasing an additional 196,571 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $178.52 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The company has a market cap of $20.54 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.00 and a beta of 2.08. The stock’s 50-day moving average is $186.33 and its two-hundred day moving average is $167.97. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the company posted $4.24 earnings per share. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. Analysts forecast that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

Builders FirstSource announced that its board has authorized a stock repurchase program on Tuesday, August 6th that allows the company to buyback $1.00 billion in 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 leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BLDR. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Barclays increased their target price 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. UBS Group initiated coverage on shares of Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 price target for the company. Wedbush reiterated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, November 6th. Finally, 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. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.47.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the transaction, the director now directly owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

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.