World Investment Advisors LLC Invests $349,000 in Builders FirstSource, Inc. (NYSE:BLDR)

World Investment Advisors LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDRFree Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,801 shares of the company’s stock, valued at approximately $349,000.

Other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of Builders FirstSource during the 2nd quarter worth $27,000. Brooklyn Investment Group purchased a new position in Builders FirstSource during the third quarter valued at $28,000. Armstrong Advisory Group Inc. purchased a new position in Builders FirstSource during the third quarter valued at $30,000. First Horizon Advisors Inc. increased its position in Builders FirstSource by 42.1% in the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after buying an additional 75 shares in the last quarter. Finally, New Millennium Group LLC bought a new position in shares of Builders FirstSource in the second quarter worth about $38,000. Institutional investors own 95.53% of the company’s stock.

Insider Activity

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated 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 of the company’s stock, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BLDR. Bank of America boosted their price objective on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Wedbush restated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday. Finally, Loop Capital increased their price target on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.00.

Check Out Our Latest Stock Report on Builders FirstSource

Builders FirstSource Price Performance

BLDR stock opened at $152.03 on Thursday. The company has a fifty day simple moving average of $180.39 and a two-hundred day simple moving average of $169.13. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week 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 capitalization of $17.50 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06.

Builders FirstSource (NYSE:BLDRGet Free Report) last released its quarterly 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 quarter in the prior year, the business posted $4.24 EPS. The company’s revenue was down 6.7% on a year-over-year basis. Analysts anticipate that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

Builders FirstSource Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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