Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Empirical Finance LLC

Empirical Finance LLC lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,309 shares of the company’s stock after buying an additional 264 shares during the quarter. Empirical Finance LLC’s holdings in Builders FirstSource were worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in BLDR. Innealta Capital LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter worth about $27,000. Armstrong Advisory Group Inc. acquired a new position in Builders FirstSource in the third quarter worth about $30,000. First Horizon Advisors Inc. increased its holdings in Builders FirstSource by 42.1% in the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after buying an additional 75 shares during the last quarter. New Millennium Group LLC acquired a new stake in Builders FirstSource during the second quarter valued at approximately $38,000. Finally, Reston Wealth Management LLC bought a new position in Builders FirstSource during the 3rd quarter worth approximately $39,000. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on BLDR. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Loop Capital raised their price target 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. Bank of America boosted their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Jefferies Financial Group raised their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Robert W. Baird upped their target price on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.47.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $176.28 on Friday. Builders FirstSource, Inc. has a 1 year low of $129.80 and a 1 year high of $214.70. The firm has a market cap of $20.29 billion, a P/E ratio of 17.21, a PEG ratio of 1.00 and a beta of 2.08. The stock has a fifty day moving average price of $185.83 and a two-hundred day moving average price of $168.18. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

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

Builders FirstSource declared that its board has authorized a stock repurchase program on Tuesday, August 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. The trade was a 23.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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.