Integrated Investment Consultants LLC Makes New $2.90 Million Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Integrated Investment Consultants LLC bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,943 shares of the company’s stock, valued at approximately $2,897,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BLDR. Acadian Asset Management LLC bought a new stake in shares of Builders FirstSource in the 1st quarter worth approximately $3,448,000. Shell Asset Management Co. boosted its holdings in Builders FirstSource by 103.9% in the first quarter. Shell Asset Management Co. now owns 3,595 shares of the company’s stock valued at $750,000 after acquiring an additional 1,832 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in Builders FirstSource during the 1st quarter valued at $640,000. Advisors Asset Management Inc. increased its position in shares of Builders FirstSource by 32.0% during the first quarter. Advisors Asset Management Inc. now owns 2,046 shares of the company’s stock valued at $427,000 after buying an additional 496 shares during the period. Finally, Toronto Dominion Bank grew its holdings in shares of Builders FirstSource by 1.8% during the 1st quarter. Toronto Dominion Bank now owns 69,634 shares of the company’s stock worth $14,522,000 after acquiring an additional 1,203 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BLDR. Wedbush reiterated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, November 6th. Truist Financial raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and raised their price target for the company from $165.00 to $220.00 in a report on Monday, September 16th. Jefferies Financial Group increased their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. B. Riley cut their target price 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, Barclays increased their price target on Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Five 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $206.47.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $174.95 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The stock’s 50-day simple moving average is $186.33 and its 200-day simple moving average is $167.92. The company has a market capitalization of $20.13 billion, a price-to-earnings ratio of 17.08, a PEG 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the business earned $4.24 earnings per share. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. As a group, analysts expect that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

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

Builders FirstSource 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.