Advisors Asset Management Inc. Sells 204 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Advisors Asset Management Inc. decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 8.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,223 shares of the company’s stock after selling 204 shares during the period. Advisors Asset Management Inc.’s holdings in Builders FirstSource were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLDR. Baillie Gifford & Co. bought a new position in Builders FirstSource during the 3rd quarter valued at approximately $267,132,000. Diamond Hill Capital Management Inc. bought a new position in Builders FirstSource during the 3rd quarter valued at approximately $255,867,000. Massachusetts Financial Services Co. MA raised its position in Builders FirstSource by 339.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock valued at $163,373,000 after purchasing an additional 911,990 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Builders FirstSource by 109.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 904,600 shares of the company’s stock valued at $175,366,000 after purchasing an additional 473,238 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its holdings in shares of Builders FirstSource by 4,099.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 395,000 shares of the company’s stock worth $76,575,000 after acquiring an additional 385,593 shares during the period. Institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Builders FirstSource Price Performance

NYSE BLDR opened at $184.60 on Thursday. The business’s fifty day moving average price is $186.10 and its 200-day moving average price is $168.16. The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.06 and a beta of 2.08. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. 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 quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. Builders FirstSource’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.24 earnings per share. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has initiated a share buyback program on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have weighed in on BLDR. Jefferies Financial Group upped their target price on Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Robert W. Baird upped their target price on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Barclays upped their target price on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Oppenheimer reiterated an “outperform” rating and set a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Finally, Bank of America upped their target price on Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $206.47.

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.