Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by World Equity Group Inc.

World Equity Group Inc. lifted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,632 shares of the company’s stock after acquiring an additional 64 shares during the quarter. World Equity Group Inc.’s holdings in Builders FirstSource were worth $316,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BLDR. Boston Partners increased its holdings in Builders FirstSource by 0.8% in the first quarter. Boston Partners now owns 1,377,335 shares of the company’s stock valued at $285,794,000 after buying an additional 10,551 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Builders FirstSource by 339.8% during 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 during the last quarter. Bank of New York Mellon Corp boosted its holdings in Builders FirstSource by 22.7% in the second 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. William Blair Investment Management LLC increased its stake in Builders FirstSource by 1.2% during the second quarter. William Blair Investment Management LLC now owns 1,051,461 shares of the company’s stock valued at $145,533,000 after purchasing an additional 12,518 shares during the last quarter. Finally, Anomaly Capital Management LP raised its holdings in shares of Builders FirstSource by 22.5% during the second quarter. Anomaly Capital Management LP now owns 1,020,441 shares of the company’s stock worth $141,239,000 after purchasing an additional 187,371 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Buying and Selling

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the firm’s stock in a transaction 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 sale, the director now owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several recent research reports. Barclays upped their price target on shares of Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Jefferies Financial Group lifted their price target on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Robert W. Baird raised their price objective on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. B. Riley cut their target price on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Monday, September 23rd. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus price target of $203.50.

Builders FirstSource Trading Up 0.2 %

BLDR stock opened at $172.43 on Tuesday. The stock has a market cap of $20.08 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 10.11 and a beta of 2.08. The company has a fifty day moving average price of $184.37 and a two-hundred day moving average price of $168.36. Builders FirstSource, Inc. has a one year low of $120.80 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share 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 firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.48 billion. During the same period in the prior year, the firm earned $3.89 EPS. The business’s revenue was down 1.6% on a year-over-year basis. Equities analysts anticipate that Builders FirstSource, Inc. will post 11.69 EPS for the current year.

Builders FirstSource announced that its board has approved a share repurchase plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.