Deseret Mutual Benefit Administrators Buys 258 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Deseret Mutual Benefit Administrators lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 39.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 917 shares of the company’s stock after buying an additional 258 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Builders FirstSource were worth $178,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Innealta Capital LLC purchased a new stake in Builders FirstSource in the 2nd quarter worth about $27,000. Armstrong Advisory Group Inc. bought a new stake in Builders FirstSource during the 3rd quarter valued at $30,000. ORG Partners LLC bought a new position in Builders FirstSource in the first quarter worth about $33,000. First Horizon Advisors Inc. lifted its position in Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock valued at $35,000 after acquiring an additional 75 shares during the last quarter. Finally, New Millennium Group LLC acquired a new stake in shares of Builders FirstSource in the 2nd quarter worth $38,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.1 %

Shares of NYSE:BLDR opened at $177.03 on Thursday. Builders FirstSource, Inc. has a 12-month low of $120.80 and a 12-month high of $214.70. The stock has a market cap of $20.62 billion, a PE ratio of 15.52, a P/E/G ratio of 10.15 and a beta of 2.08. The business has a 50 day moving average of $184.58 and a 200-day moving average of $168.44. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period last year, the firm earned $4.24 EPS. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 11.69 earnings per share for the current year.

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

Analyst Ratings Changes

Several research firms have weighed in on BLDR. Wedbush reiterated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and increased their target price for the company from $165.00 to $220.00 in a report on Monday, September 16th. 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. Loop Capital upped their target price on shares of Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Finally, Oppenheimer reiterated an “outperform” rating and set a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.