J.W. Cole Advisors Inc. Makes New Investment in Builders FirstSource, Inc. (NYSE:BLDR)

J.W. Cole Advisors Inc. acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,270 shares of the company’s stock, valued at approximately $246,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PFG Investments LLC bought a new stake in Builders FirstSource in the third quarter valued at about $521,000. Forsta AP Fonden lifted its stake in Builders FirstSource by 12.1% during the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock worth $5,195,000 after purchasing an additional 2,900 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Builders FirstSource by 21.0% during the third 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 grew its stake in shares of Builders FirstSource by 1,975.9% in the 3rd quarter. Highland Capital Management LLC now owns 30,350 shares of the company’s stock valued at $5,884,000 after purchasing an additional 28,888 shares during the period. Finally, Mediolanum International Funds Ltd raised its holdings in shares of Builders FirstSource by 45.4% in the 3rd 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. 95.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BLDR has been the topic of several recent analyst reports. The Goldman Sachs Group assumed coverage on Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target on the stock. Benchmark reduced 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 note on Wednesday, August 7th. Wedbush reiterated an “outperform” rating and set a $175.00 target price on shares of Builders FirstSource in a research report on Tuesday, August 6th. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Monday, September 23rd. Finally, Stifel Nicolaus cut their target price on shares of Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $200.35.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $171.40 on Friday. The business’s 50-day simple moving average is $184.58 and its 200 day simple moving average is $168.66. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. The stock has a market cap of $19.96 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 11.48 and a beta of 2.06. Builders FirstSource, Inc. has a 12-month low of $107.84 and a 12-month high of $214.70.

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

Builders FirstSource announced that its Board of Directors has approved a share repurchase plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the company’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 completion of the sale, the director now owns 95,333 shares in the company, valued at approximately $14,650,775.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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.