2,688 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Acquired by PFG Investments LLC

PFG Investments LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,688 shares of the company’s stock, valued at approximately $521,000.

Other hedge funds also recently bought and sold shares of the company. Forsta AP Fonden boosted its stake in shares of Builders FirstSource by 12.1% during the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock valued at $5,195,000 after acquiring an additional 2,900 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Builders FirstSource by 21.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,313 shares of the company’s stock valued at $1,615,000 after purchasing an additional 1,442 shares in the last quarter. Highland Capital Management LLC boosted its stake in shares of Builders FirstSource by 1,975.9% during the 3rd quarter. Highland Capital Management LLC now owns 30,350 shares of the company’s stock worth $5,884,000 after purchasing an additional 28,888 shares during the last quarter. Mediolanum International Funds Ltd grew its holdings in shares of Builders FirstSource by 45.4% during the third quarter. Mediolanum International Funds Ltd now owns 106,332 shares of the company’s stock worth $20,621,000 after buying an additional 33,216 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new position in shares of Builders FirstSource in the third quarter valued at approximately $248,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling at Builders FirstSource

In other news, Director Craig Arthur Steinke sold 30,000 shares of the business’s stock in a transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by corporate insiders.

Builders FirstSource Stock Up 2.2 %

Shares of NYSE BLDR opened at $184.80 on Tuesday. The stock has a fifty day moving average price of $184.34 and a 200 day moving average price of $168.76. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70. The company has a market cap of $22.56 billion, a P/E ratio of 15.82, a P/E/G ratio of 11.48 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.89 earnings per share. Research analysts anticipate that Builders FirstSource, Inc. will post 11.68 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BLDR. Benchmark decreased their target price on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Jefferies Financial Group lifted their price objective on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Barclays increased their target price on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Baird R W upgraded Builders FirstSource from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, Bank of America increased their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $200.35.

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.