Ashton Thomas Private Wealth LLC Has $258,000 Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Ashton Thomas Private Wealth LLC lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 16.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,333 shares of the company’s stock after acquiring an additional 184 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Builders FirstSource were worth $258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BLDR. Baillie Gifford & Co. acquired a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $267,132,000. Boston Partners grew its stake in shares of 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 in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in Builders FirstSource during the third quarter worth $255,867,000. Massachusetts Financial Services Co. MA raised its position 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 acquiring an additional 911,990 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake 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 valued at $147,059,000 after acquiring an additional 196,571 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

BLDR stock opened at $181.21 on Friday. The company’s 50-day moving average price is $185.68 and its two-hundred day moving average price is $168.35. Builders FirstSource, Inc. has a 12 month low of $128.57 and a 12 month high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The firm has a market cap of $20.85 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.00 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the firm earned $4.24 earnings per share. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, analysts anticipate that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

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

Insider Activity at Builders FirstSource

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Truist Financial upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. Loop Capital lifted their price objective on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Stephens increased their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. UBS Group initiated coverage on Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 price objective for the company. Finally, Jefferies Financial Group increased their target price on Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $206.47.

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.