Alpha DNA Investment Management LLC Raises Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Alpha DNA Investment Management LLC boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 13.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,552 shares of the company’s stock after acquiring an additional 293 shares during the period. Alpha DNA Investment Management LLC’s holdings in Builders FirstSource were worth $495,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BLDR. Advisors Asset Management Inc. lifted its position in Builders FirstSource by 32.0% during the 1st quarter. Advisors Asset Management Inc. now owns 2,046 shares of the company’s stock valued at $427,000 after acquiring an additional 496 shares during the period. Mount Yale Investment Advisors LLC bought a new stake in Builders FirstSource during the 1st quarter valued at about $229,000. Janus Henderson Group PLC increased its stake in Builders FirstSource by 21.1% during the 1st quarter. Janus Henderson Group PLC now owns 20,013 shares of the company’s stock valued at $4,173,000 after purchasing an additional 3,483 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in Builders FirstSource during the 1st quarter valued at about $357,000. Finally, Levin Capital Strategies L.P. bought a new stake in Builders FirstSource during the 1st quarter valued at about $313,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

BLDR has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus reduced their price target 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. Baird R W upgraded shares of Builders FirstSource from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a research note on Tuesday, October 29th. Finally, Robert W. Baird lifted their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $206.47.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $178.52 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The company has a market capitalization of $20.54 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.98 and a beta of 2.08. The firm’s 50 day simple moving average is $186.23 and its two-hundred day simple moving average is $167.88.

Builders FirstSource (NYSE:BLDR) last released its earnings results 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 return on equity of 33.55% and a net margin of 7.40%. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the firm posted $4.24 EPS. Builders FirstSource’s quarterly revenue was down 6.7% compared to the same quarter last year. Research analysts expect that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has authorized a stock repurchase program on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board 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.