Heritage Oak Wealth Advisors LLC Buys Shares of 2,500 Builders FirstSource, Inc. (NYSE:BLDR)

Heritage Oak Wealth Advisors LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,500 shares of the company’s stock, valued at approximately $485,000.

A number of other institutional investors have also recently made changes to their positions in BLDR. Park Avenue Securities LLC increased its stake in Builders FirstSource by 7.5% in the first quarter. Park Avenue Securities LLC now owns 2,962 shares of the company’s stock valued at $618,000 after acquiring an additional 206 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of Builders FirstSource in the 1st quarter worth about $248,000. Gateway Investment Advisers LLC bought a new position in shares of Builders FirstSource during the 1st quarter valued at about $334,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Builders FirstSource by 162.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 58,726 shares of the company’s stock valued at $12,247,000 after buying an additional 36,330 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its position in Builders FirstSource by 2.3% in the 1st quarter. Kathmere Capital Management LLC now owns 5,406 shares of the company’s stock worth $1,127,000 after buying an additional 119 shares during the last quarter. 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 stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total value of $4,610,400.00. Following the completion of the transaction, the director now owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $181.67 on Friday. 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 fifty day moving average of $183.52 and a 200 day moving average of $169.27. The firm has a market capitalization of $22.17 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 11.48 and a beta of 2.06. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted 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 during the quarter, compared to analysts’ expectations of $4.48 billion. During the same period last year, the company posted $3.89 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.68 earnings per share for the current year.

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

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of recent research reports. Barclays increased their price target on shares of Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Oppenheimer increased their target price on shares of Builders FirstSource from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Bank of America boosted their price target on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. B. Riley cut their price target on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Loop Capital lifted their price objective on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average price target of $200.35.

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.