Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,103 shares of the company’s stock after selling 486 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Builders FirstSource were worth $1,958,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Norden Group LLC purchased a new stake in Builders FirstSource in the first quarter valued at approximately $265,000. Private Advisor Group LLC raised its holdings in shares of Builders FirstSource by 20.2% in the 1st quarter. Private Advisor Group LLC now owns 4,823 shares of the company’s stock worth $1,006,000 after purchasing an additional 811 shares during the period. Nordea Investment Management AB lifted its stake in shares of Builders FirstSource by 5.6% in the 1st quarter. Nordea Investment Management AB now owns 9,834 shares of the company’s stock valued at $2,067,000 after purchasing an additional 523 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of Builders FirstSource by 58,733.3% during the 1st quarter. Manchester Capital Management LLC now owns 1,765 shares of the company’s stock worth $368,000 after purchasing an additional 1,762 shares during the period. Finally, ORG Partners LLC acquired a new stake in Builders FirstSource during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Down 2.3 %

NYSE:BLDR opened at $176.78 on Thursday. The stock has a 50-day simple moving average of $184.58 and a 200 day simple moving average of $168.44. Builders FirstSource, Inc. has a one year low of $120.80 and a one year high of $214.70. The company has a market capitalization of $20.59 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 10.15 and a beta of 2.08. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83.

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 the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the business earned $4.24 earnings per share. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. Sell-side analysts predict that Builders FirstSource, Inc. will post 11.69 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a share buyback program on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BLDR shares. B. Riley decreased their price objective on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Bank of America raised their price objective on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Robert W. Baird upped their target price on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Stifel Nicolaus dropped their target price on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Wedbush restated an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and an average target price of $206.88.

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.