Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 11.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,676 shares of the company’s stock after acquiring an additional 2,050 shares during the quarter. Van ECK Associates Corp’s holdings in Builders FirstSource were worth $3,706,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BLDR. Boston Partners boosted its position in Builders FirstSource by 0.8% during the first quarter. Boston Partners now owns 1,377,335 shares of the company’s stock worth $285,794,000 after purchasing an additional 10,551 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Builders FirstSource by 339.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after buying an additional 911,990 shares during the period. Bank of New York Mellon Corp grew its stake in Builders FirstSource by 22.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company’s stock valued at $147,059,000 after acquiring an additional 196,571 shares during the period. William Blair Investment Management LLC grew its stake in Builders FirstSource by 1.2% in the 2nd quarter. William Blair Investment Management LLC now owns 1,051,461 shares of the company’s stock valued at $145,533,000 after acquiring an additional 12,518 shares during the period. Finally, Anomaly Capital Management LP increased its holdings in Builders FirstSource by 22.5% in the 2nd quarter. Anomaly Capital Management LP now owns 1,020,441 shares of the company’s stock worth $141,239,000 after acquiring an additional 187,371 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They set a “buy” rating and a $225.00 target price for the company. Royal Bank of Canada boosted their price objective on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday. Oppenheimer restated an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Robert W. Baird lifted their price target on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Stephens increased their price objective on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus price target of $206.47.

Builders FirstSource Trading Down 0.5 %

Shares of BLDR stock opened at $178.35 on Friday. Builders FirstSource, Inc. has a 1-year low of $120.80 and a 1-year high of $214.70. The firm has a market cap of $20.52 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 10.48 and a beta of 2.08. The company has a 50-day moving average of $184.79 and a two-hundred day moving average of $168.38. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The company 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 33.55% and a net margin of 7.40%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.24 EPS. On average, analysts predict that Builders FirstSource, Inc. will post 11.64 EPS for the current year.

Builders FirstSource declared that its Board of Directors has approved a stock buyback plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction dated 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 transaction, the director now owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

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.