Wilkinson Global Asset Management LLC Grows Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Wilkinson Global Asset Management LLC boosted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 864.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,944 shares of the company’s stock after acquiring an additional 62,694 shares during the period. Builders FirstSource accounts for about 0.8% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 29th largest position. Wilkinson Global Asset Management LLC owned about 0.06% of Builders FirstSource worth $13,559,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in Builders FirstSource during the 2nd quarter valued at approximately $27,000. Armstrong Advisory Group Inc. bought a new stake in shares of Builders FirstSource during the third quarter valued at approximately $30,000. ORG Partners LLC purchased a new position in shares of Builders FirstSource in the first quarter worth $33,000. First Horizon Advisors Inc. boosted its position in shares of Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after acquiring an additional 75 shares during the last quarter. Finally, New Millennium Group LLC purchased a new position in Builders FirstSource during the second quarter valued at $38,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $176.78 on Thursday. The firm’s 50 day simple moving average is $184.58 and its 200-day simple moving average is $168.44. 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, Inc. has a one year low of $120.80 and a one year high of $214.70. The firm has a market cap of $20.59 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 10.15 and a beta of 2.08.

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

Builders FirstSource announced that its board has authorized a share buyback program on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase 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 shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BLDR. Royal Bank of Canada boosted their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays boosted their target price on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. B. Riley cut their price target on Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, DA Davidson raised their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.